San Diego, September 30, 2026 / PRNewswire / -- Robbins Geller Rudman & Dowd LLP announce that investors who purchased or acquired AST SpaceMobile, Inc securities (as defined in NASDAQ: ASTS) between March 4, 2025, and July 15, 2026 (including both start and end dates, hereinafter referred to as the "class action period"), must apply by November 13, 2026, to be appointed as the lead plaintiff in the AST SpaceMobile securities class action.

The case name for this incident isHunter v. AST SpaceMobile, Inc., case number is26- cv-00378 (Federal District Court of West Texas)The lawsuit alleges that AST SpaceMobile and some of its senior executives violated the Securities Exchange Act of 1934.

If you have suffered significant losses and wish to serve as the lead plaintiff in this AST SpaceMobile class action, you can submit information through the following page:

https :// www.rgrdlaw.com / cases-ast-spacemobile-class-action-lawsuit-asts.html

Investors may also call 800/851-7783, or contact attorneys Ken Dolitsky or Michael Albert via email.

Allegations in the case

AST SpaceMobile and its subsidiaries are engaged in the design and development of BlueBird satellite constellations. According to the indictment, in September 2025, telecommunications company EchoStar Corporation announced that it had reached a final agreement with SpaceX to sell its AWS-4 and H-block spectrum licenses (hereinafter referred to as the “EchoStar transaction”).

The indictment states that in relation to transactions involving EchoStar, SpaceX and EchoStar Corporation agreed to sign a long-term business agreement, enabling users of Boost Mobile under EchoStar to access the next-generation direct-connected cellular network (D2C) services provided by Starlink Services, a telecommunications subsidiary of SpaceX.

AST SpaceMobile Class action claims that the defendant made false and/or misleading statements throughout the class action period, and/or failed to disclose the following facts:

• The continuously increasing capital requirements of AST SpaceMobile may lead to a higher debt burden for the company and cause a dilution of equity in a more frequent and larger scale than what was implied to investors by the defendant;
• Therefore, the defendant exaggerated the adequacy of the capital and liquidity of AST SpaceMobile to achieve its strategic and business objectives;
• The defendant also exaggerated the durability of AST SpaceMobile's competitive position in the satellite D2C market;
• Even after the EchoStar transaction, the defendant continued to exaggerate AST SpaceMobile's competitive position in the satellite D2C market;
• AST SpaceMobile is facing a slow adoption rate among users in the United States and Japan;
• The aforementioned situation is likely to have a significant negative impact on the business and financial prospects of AST SpaceMobile.
• Therefore, the defendant's public statements at all relevant time points were significantly false and misleading.

Lead plaintiff program

The Private Securities Litigation Reform Act of 1995 allows any investor who purchased or acquired AST SpaceMobile securities during the class action period to apply to serve as the lead plaintiff in this AST SpaceMobile class action. A lead plaintiff is typically defined as the applicant who has the greatest economic interest in the relief sought by the proposed class action, and whose claims are representative enough to embody the interests of the class.

The lead plaintiff will represent the other collective members in this AST SpaceMobile class action lawsuit. The lead plaintiff has the option to choose any law firm of their choosing to handle the case. Whether investors will be able to share in any potential compensation in the future does not depend on whether they serve as the lead plaintiff or not.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP indicates that the firm is one of the globally leading law firms specializing in representing investors in securities fraud and shareholder rights litigation cases. According to the latest ISS Securities Class Action Services Top 50 report, the firm recovered over $916 million in compensation for investors in 2025, ranking first. This is also the fourth time in the past five years that the firm has topped the rankings.

In just the past five years, Robbins Geller has recovered $8.4 billion for investors, which is $3.4 billion more than any other law firm. With 10 offices and 200 lawyers, it is one of the largest plaintiff law firms in the world. The lawyers of this firm have obtained several of the largest compensation awards in history in securities class actions, including a record $7.2 billion settlement in the Enron Corp securities litigation case.

For more information, please visit:

https :// www.rgrdlaw.com / services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.

Relevant services can be provided by lawyers from any office of the firm.

Contact Information

Robbins Geller Rudman & Dowd LLP

Message sources: Robbins Geller Rudman & Dowd LLP