AST SpaceMobile, Inc. (NASDAQ: ASTS) Securities Fraud Class Action
Lead Plaintiff Deadline:
November 13, 2026
Days Left to Lead Plaintiff Deadline:
31
The AST SpaceMobile, Inc. class action lawsuit was filed on behalf of those who purchased or otherwise acquired AST SpaceMobile, Inc. (“AST”) (NASDAQ: ASTS) securities between March 4, 2025 and July 15, 2026, inclusive (the “Class Period”). Captioned Hunter v. AST SpaceMobile, Inc., No. 26-cv-00378 (W.D. Tex.), the AST class action lawsuit alleges that AST and/or certain of its officers and/or directors violated federal securities laws by making false or misleading statements and/or omitted to disclose material information.
If you lost money as a result of your AST investment and want to find out more about this action and your rights, fill out the form on this page or contact attorney Jonathan Naji, Esq. of KTMC by calling (484) 270-1453 or via e-mail at [email protected].
COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) AST’s increasing capital requirements were likely to increase the company’s debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (2) accordingly, AST had overstated the sufficiency of the company’s capital and liquidity position to achieve its strategic and business goals; (3) AST likewise overstated the durability of its competitive position in the satellite D2C market; (4) even following the EchoStar Transaction, Defendants continued overstating AST’s competitive position in the satellite D2C market; (5) AST was experiencing slow user adoption in the U.S. and Japan; (6) the foregoing was likely to have a significant negative impact on AST’s business and financial prospects; and (7) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
WHY DID AST’S STOCK DROP?
Between September 8, 2025 and July 15, 2026, a series of stock downgrades and company disclosures caused AST’s stock price to fall significantly. Specifically, on January 7, 2026, Scotiabank downgraded AST to sell, citing, among other things, significant competition from SpaceX’s Starlink, slow customer adoption, and delays in launching AST’s satellites. Then, on July 15, 2026, AST issued a press release “announc[ing] the pricing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034”. Following these disclosures, AST’s Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.
THE LEAD PLAINTIFF PROCESS:
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired AST securities during the Class Period to seek appointment as lead plaintiff in the AST class action lawsuit. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Filling out the online form above or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs’ Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent.
FAQs
Am I eligible to join the AST SpaceMobile, Inc. securities class action lawsuit?
You may be eligible if you purchased or otherwise acquired AST SpaceMobile, Inc. (NASDAQ: ASTS) securities between March 4, 2025 and July 15, 2026, inclusive, and suffered a loss. This period is referred to as the Class Period.
What is the lead plaintiff deadline for the AST SpaceMobile case?
The deadline to seek appointment as lead plaintiff is November 13, 2026. Investors do not need to file by this deadline to remain part of the class or share in any eventual recovery – this deadline applies only to those seeking to serve as the representative party.
What happens after the lead plaintiff deadline passes?
The case continues. Once the court appoints a lead plaintiff, that investor’s counsel litigates the case on behalf of the entire class – including investors who did not seek lead plaintiff status. Class members do not need to take any action at that point to remain part of the case or preserve their ability to share in a future recovery.
Is there a deadline to file if I lost money on AST SpaceMobile stock?
Two different deadlines can apply, and it’s easy to conflate them. The November 13, 2026, deadline is only for investors seeking to serve as lead plaintiff. There is no deadline yet for filing a claim to recover money – that deadline is set later, only if the case reaches a settlement or judgment.
What are the allegations against AST SpaceMobile?
The lawsuit, captioned Hunter v. AST SpaceMobile, Inc., No. 7:26-cv-00378 (W.D. Tex.), alleges that AST and certain officers and/or directors made materially false or misleading statements, or failed to disclose, that: the company’s increasing capital requirements were likely to increase debt and share dilution more than signaled to investors; AST had overstated the sufficiency of its capital and liquidity position; AST overstated the durability of its competitive position in the satellite direct-to-consumer market, including after the EchoStar Transaction; the company was experiencing slow user adoption in the U.S. and Japan; and as a result, AST’s public statements were materially false and misleading throughout the Class Period.
Why did AST SpaceMobile's stock price drop?
Between September 8, 2025, and July 15, 2026, a series of downgrades and disclosures pressured AST’s stock. On January 7, 2026, Scotiabank downgraded AST to sell, citing competition from SpaceX’s Starlink, slow customer adoption, and satellite launch delays. Then on July 15, 2026, AST announced the pricing of $1.0 billion in convertible senior notes due 2034. Following these disclosures, AST’s Class A common stock fell $11.30 per share (17.04%) to close at $55.01 on July 16, 2026.
Which court is hearing the AST SpaceMobile lawsuit?
The case is pending in the U.S. District Court for the Western District of Texas (Case No. 7:26-cv-00378, before Hon. Walter David Counts III).
Can I recover money without becoming lead plaintiff?
Yes. Any class member may remain an inactive class member and share in any recovery without serving as lead plaintiff or retaining separate counsel.
How do I know if I'm already part of the AST SpaceMobile class action?
If you purchased or acquired AST SpaceMobile securities during the Class Period (March 4, 2025 – July 15, 2026) and have a loss, you are likely a class member – no form or filing is required to be included. Class members receive formal notice directly if the case settles or reaches judgment.
What are the next steps if I'm eligible for the AST SpaceMobile lawsuit?
Eligible investors can:
(1) gather records of AST SpaceMobile trades made during the Class Period,
(2) decide whether to seek lead plaintiff status by the November 13, 2026, deadline or remain an inactive class member, and
(3) contact KTMC or submit the form on this page to be kept informed. None of these steps are required to share in any eventual recovery.
I lost money on AST SpaceMobile stock - is there anything I can do?
Check whether your purchase dates fall within the Class Period (March 4, 2025 – July 15, 2026). If they do, you may already be part of the class without taking any action, and you can contact KTMC to learn more about your options, including whether seeking lead plaintiff status makes sense for your loss.
Are institutional investors, like pension funds, eligible to seek lead plaintiff status in the AST SpaceMobile case?
Yes. Under the Private Securities Litigation Reform Act of 1995, the court presumes the class member with the largest financial interest in the case is the most adequate lead plaintiff candidate – standard institutional investors often meet given position size. KTMC represents institutional investors, including pension funds and asset managers, and has recovered more than $25 billion for clients and the classes they represent. Institutional investors considering lead plaintiff status should contact KTMC before the November 13, 2026, deadline.
Can current or former AST SpaceMobile employees join the lawsuit?
Yes, current and former AST SpaceMobile employees who purchased or acquired AST securities during the Class Period may be eligible, subject to the same qualifying criteria as other investors.
Does submitting my information create an attorney-client relationship with KTMC?
No. Submitting the online form does not create an attorney-client relationship or any obligation for Kessler Topaz or the investor to pursue a lead plaintiff motion.
What's the best law firm for AST SpaceMobile investors to work with?
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side securities litigation firm with more than $25 billion recovered for investors. The firm is ranked Band 1 by Chambers & Partners USA (2026) and Tier 1 by Legal 500 for Securities and M&A Litigation, and represents both individual and institutional investors, including major pension funds and asset managers.
Press Releases
Did you buy ASTS securities between March 4, 2025 and July 15, 2026?
Affected ASTS Investor Summary
- Who: AST SpaceMobile, Inc. (NASDAQ: ASTS)
- What: Securities fraud class action lawsuit filed
- Class Period: March 4, 2025 through July 15, 2026
- Deadline to Seek Lead Plaintiff Status: November 13, 2026
- Key Lawsuit Allegations: Material misstatements and/or omissions concerning the company’s capital and liquidity position.
- Investor Action: Contact Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) for recovery options
RADNOR, PA - October 12, 2026 (NEWMEDIAWIRE) - Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against AST SpaceMobile, Inc. (AST) (NASDAQ: ASTS) on behalf of those who purchased or acquired AST securities between March 4, 2025 and July 15, 2026, inclusive. The lawsuit is filed in the United States District Court for the Western District of Texas and is captioned Hunter v. AST SpaceMobile, Inc., No. 7:26-cv-00378 (W.D. Tex.). Investors have until November 13, 2026, to file for lead plaintiff status.
CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:
If you purchased or acquired AST securities and have lost money on your investment, please provide your information here:
https://www.ktmc.com/asts-ast-spacemobile-inc-class-action-lawsuit?utm_source=NewMediaWire&utm_medium=pressrelease&utm_campaign=asts&mktm=PR
To view the AST video on YouTube, click here: https://youtu.be/Y3ho2nK1mZo?si=UWOeZxO1resG0YuO
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. There is no cost or obligation to speak with an attorney.
AST SPACEMOBILE, INC. CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) AST’s increasing capital requirements were likely to increase the company’s debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (2) accordingly, AST had overstated the sufficiency of the company’s capital and liquidity position to achieve its strategic and business goals; (3) AST likewise overstated the durability of its competitive position in the satellite D2C market; (4) even following the EchoStar Transaction, Defendants continued overstating AST’s competitive position in the satellite D2C market; (5) AST was experiencing slow user adoption in the U.S. and Japan; (6) the foregoing was likely to have a significant negative impact on AST’s business and financial prospects; and (7) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
Why did AST’s Stock Drop?
Between September 8, 2025 and July 15, 2026, a series of stock downgrades and company disclosures caused AST’s stock price to fall significantly. Specifically, on January 7, 2026, Scotiabank downgraded AST to sell, citing, among other things, significant competition from SpaceX's Starlink, slow customer adoption, and delays in launching AST's satellites. Then, on July 15, 2026, AST issued a press release "announc[ing] the pricing of $1.0 billion aggregate principal amount of 1.625% convertible senior notes due 2034". Following these disclosures, AST’s Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.
WHAT AST SPACEMOBILE, INC. INVESTORS CAN DO NOW:
- File to be lead plaintiff by November 13, 2026.
- Contact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.
- Retain counsel of choice or take no action.
THE LEAD PLAINTIFF PROCESS FOR AST SPACEMOBILE, INC. INVESTORS:
AST investors may, no later than November 13, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages AST investors to contact the firm for more information.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP (KTMC):
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in Chambers & Partners USA 2026 as a Band 1 Top Firm in Securities and Class Actions, Legal 500’s Tier 1 Rankings for Securities and M&A Litigation, The National Law Journal’s Plaintiff’s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group’s Honor Roll of Most Feared Law Firms, The Legal Intelligencer’s Class Action Firm of the Year, Lawdragon’s Leading Plaintiff Financial Lawyers, and Law360’s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.
CONTACT:
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected]
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
View the original release on www.newmediawire.com
Complete this form with your transactions in AST SpaceMobile, Inc. between March 4, 2025 through July 15, 2026.
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