Pomerantz investigates AST SpaceMobile over potential securities fraud
Pomerantz LLP has launched an investigation into AST SpaceMobile, Inc. on behalf of investors concerning potential securities fraud. The inquiry follows a 12.06% stock drop on January 7, 2026, after a Scotiabank downgrade, and a 17.04% decline on July 16, 2026, after the announcement of $1.0 billion in convertible notes. Investors are encouraged to contact the firm to participate in the class action.
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Pomerantz LLP is investigating claims on behalf of investors of AST SpaceMobile, Inc. regarding whether the company and certain of its officers and/or directors engaged in securities fraud or other unlawful business practices. The investigation aims to determine if federal securities laws were violated during the period in question.
The scrutiny follows a series of market events that negatively impacted AST SpaceMobile's stock price. On January 7, 2026, Scotiabank downgraded the company to Sell, citing significant competition from SpaceX’s Starlink, slow customer adoption, and delays in launching AST’s satellites. Following this downgrade, the stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.
Subsequently, on July 15, 2026, AST SpaceMobile issued a press release announcing the pricing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034. In response to this news, the company's stock price dropped $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.
Key Stock Movements
| Date | Event | Price Change | Closing Price |
|---|---|---|---|
| January 7, 2026 | Scotiabank downgrade | -$11.76 (-12.06%) | $85.73 |
| July 16, 2026 | Convertible notes pricing | -$11.30 (-17.04%) | $55.01 |
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is recognized as a premier firm in corporate, securities, and antitrust class litigation. The firm is investigating potential breaches of fiduciary duty and corporate misconduct by AST SpaceMobile.
Investors who purchased or acquired AST SpaceMobile securities are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980, to discuss their rights and options regarding the class action.
How will the investigation impact AST SpaceMobile's ability to secure future funding or partnerships?
What are the potential long-term effects of the convertible notes pricing on shareholder dilution?
Could the Scotiabank downgrade trigger further analyst downgrades or investor skepticism?
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