Investor Alert: Deadline Approaching in AST SpaceMobile, Inc. Class Action Lawsuit

Investors are reminded of an important deadline concerning their interests in AST SpaceMobile, Inc. ASTS, the Texas-based company spearheading a space-based cellular broadband network for mobile phones. Glancy Prongay & Murray LLP ('GPM'), a distinguished law firm advocating for the rights of investors, has signaled the approaching deadline for the submission of a lead plaintiff motion in a class-action lawsuit. This lawsuit has been filed on behalf of those who have acquired shares of AST SpaceMobile, Inc. ASTS and alleges various violations of federal securities laws.

Class-Action Lawsuit Essentials

The deadline for the aforementioned filing is set for June 17, 2024. The class-action suit was instigated to address potential misrepresentations and omissions by AST SpaceMobile, Inc. ASTS, which may have impacted investors since the company's shares were publicly traded. GPM, representing the investors' interests, is focusing on ensuring that AST SpaceMobile's management upholds their legal responsibilities to their shareholders.

The Imperativeness of the June Deadline

Eligible investors who wish to take on the role of lead plaintiff have until June 17, 2024, to petition the court. The position of lead plaintiff is not mandated for all affected investors but is available for those who meet certain legal criteria and wish to lead the case actively. GPM's reminder underscores the nearness of the deadline and the necessity for shareholders to come forward should they decide to assume the pivotal role in this legal action.

About AST SpaceMobile, Inc. ASTS

AST SpaceMobile, Inc. ASTS operates from Midland, Texas, designing and launching a novel space-based cellular broadband network specifically intended for mobile phones. The pioneering company believes this technology will extend mobile connectivity, offering a substantial leap forward in global telecommunications.

Investors, Deadline, Lawsuit