SECURITIES AND EXCHANGE COMMISSION
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SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
On September 8, 2022, AST SpaceMobile, Inc. (“AST SpaceMobile” or the “Company”) announced that its subsidiary AST & Science, LLC (“AST LLC”) along with the other sellers party thereto, completed its previously announced sale of its 51% interest in its subsidiary, NanoAvionika UAB (“NanoAvionics”), to Kongsberg Defence & Aerospace AS, a private limited liability company incorporated under the laws of Norway (the “Buyer”) (the “Share Sale”) pursuant to that certain share sale and purchase agreement, dated as of July 2, 2022 (the “Share Sale and Purchase Agreement”). The Company received cash consideration for the sale of its NanoAvionics shares of approximately €27 million, which is subject to customary working capital and net debt adjustments on a post-closing basis.
InMotion Holdings, LLC, a Delaware limited liability company wholly owned by Abel Avellan, AST SpaceMobile’s Chief Executive Officer and Chairman of the Board, received approximately €7.7 million on account of the option it held to acquire shares of NanoAvionics.
Item 9.01. Financial Statements and Exhibits.
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document).|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 8, 2022
|AST SPACEMOBILE, INC.|
|By:||/s/ Sean R. Wallace|
|Name:||Sean R. Wallace|
|Title:||Chief Financial Officer|