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.
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