AST SpaceMobile Faces Securities Fraud Class Action Lawsuit with November 13, 2026 Deadline

A securities fraud class action lawsuit has been filed against AST SpaceMobile, Inc. (NASDAQ: ASTS) on behalf of investors who purchased or acquired securities between March 4, 2025, and July 15, 2026. The legal action is pending in the United States District Court for the Western District of Texas under the case caption Hunter v. AST SpaceMobile, Inc., No. 7:26-cv-00378.

Investors who suffered financial losses during the specified class period have until November 13, 2026, to file an application to serve as lead plaintiff. Law firm Kessler Topaz Meltzer & Check, LLP has alerted market participants to the ongoing litigation and the upcoming deadline.

Lawsuit Allegations and Background

The complaint alleges that the defendants made materially false and misleading statements or omitted critical facts regarding the company's business operations and financial health. Specifically, the lawsuit claims that:

• AST's rising capital requirements were anticipated to drive up debt loads and share dilution more frequently and at a larger scale than previously disclosed.
• The company allegedly overstated the sufficiency of its capital and liquidity to achieve its strategic objectives.
• The durability of AST's competitive standing in the satellite direct-to-cell (D2C) market was overstated, even following the EchoStar Transaction.
• The company experienced slower-than-expected user adoption rates in both the United States and Japan.

Stock Price Movements and Market Disclosures

The litigation highlights that between September 8, 2025, and July 15, 2026, multiple stock downgrades and corporate disclosures contributed to a decline in AST's share price. Notably, Scotiabank downgraded the stock to a sell rating on January 7, 2026, pointing to competition from SpaceX's Starlink, slow customer adoption, and satellite launch delays. Additionally, AST announced the pricing of $1.0 billion in convertible senior notes on July 15, 2026, following which the company's Class A common stock price dropped by 17.04% to close at $55.01 per share on July 16, 2026.

Investor Options and Next Steps

Impacted investors retain several options regarding the class action:

• File for lead plaintiff status by the November 13, 2026 deadline.
• Contact legal counsel for a case evaluation on a contingency fee basis.
• Choose to take no action and remain an absent class member without affecting potential recovery rights.

Investors can verify details of the original announcement and track court filings directly through official legal notices or by contacting the participating law firm.