NASDAQ: ASTS

AST SpaceMobile, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of AST SpaceMobile, Inc. (NASDAQ: ASTS) between November 14, 2023 and April 1, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 17, 2024.

If you purchased AST Spacemobile securities and would like to join the action, please click “Join This Class Action.”

Class Period:November 14, 2023 through April 1, 2024

Deadline:

20 Days
If you purchased AST Spacemobile secuirites during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:

  • production of AST Spacemobile’s five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems;
  • as a result, AST Spacemobile had not substantially completed the production of the Block 1 BlueBird satellites;
  • as a result, AST Spacemobile’s five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024; and
  • as a result of the foregoing, defendants’ positive statements about AST Spacemobile’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: AST SpaceMobile, Inc.
Stock Symbol: ASTS
Class Period: November 14, 2023 through April 1, 2024
Court: United States District Court for the Western District of Texas

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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