AST SpaceMobile Form 8-K Summary (10/31/2025)

AST SpaceMobile’s subsidiary, BackstopCo, LLC, entered into a material definitive agreement for a $420.0 million cash collateralized term loan facility with UBS AG.

• Maturity: October 31, 2028.
• Interest Rate: Floating (Term SOFR + 2.0%).
• The loan secures a first-priority lien on substantially all of BackstopCo’s assets.

Critical Investor Point: AST SpaceMobile, Inc. is not liable as a borrower or guarantor. AST LLC provides only limited guarantee upon specified adverse events, limited to its equity in Backsto