Recent Security Class Actions

AST SpaceMobile Inc. Class A Common Stock (NASDAQ: ASTS)

44 Days left to seek lead plaintiff status.

Company Name:AST SpaceMobile Inc. Class A Common Stock
Stock Symbol:NASDAQ: ASTS
Class Period Start:11/14/2023
Class Period End (inclusive):04/01/2024
Filing Deadline:06/17/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that production of the Company’s five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems; (2) that a result, the Company had not substantially completed the production of the Block 1 BlueBird satellites; (3) that, as a result, the Company’s five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

AST SpaceMobile Inc. Class A Common Stock (NASDAQ: ASTS) Claim Form

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