Shareholders file class action lawsuit against AST SpaceMobile
Schall, Brown & Schwartz LLP has opened a class action lawsuit against AST SpaceMobile, alleging the company misled investors regarding financial stability and market performance.
Law firm Schall, Brown & Schwartz LLP (SBS) is calling on investors to join a class action lawsuit against AST SpaceMobile, Inc. The litigation concerns alleged violations of the Securities Exchange Act occurring between March 4, 2025, and July 15, 2026.
The complaint alleges that the company issued false and misleading statements regarding its debt levels, capital requirements, and potential share dilution. According to the filing, AST SpaceMobile overstated its liquidity and performance in the direct-to-consumer satellite market, while failing to disclose slow user adoption rates in both the United States and Japan. Plaintiffs claim these discrepancies caused significant financial damage to shareholders once market realities were revealed.
The deadline for affected investors to seek appointment as lead plaintiff is November 13, 2026. The class has not yet been certified by the court.