BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of AST SpaceMobile, Inc. (“AST” or the “Company”) (NASDAQ: ASTS) investors concerning the Company’s possible violations of federal securities laws.
On April 1, 2024, AST disclosed that it was delaying the launch of five Block 1 BlueBird satellites due to supplier delays. The Company estimated that the launch would take place around July or August 2024 instead of within the first quarter of 2024, as previously expected.
On this news, AST’s stock price fell $0.62, or 23.6%, to close at $2.01 per share on April 2, 2024, thereby injuring investors.
If you purchased AST securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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