The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of AST SpaceMobile, Inc. (ASTS) Investors

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired AST SpaceMobile, Inc. (“SpaceMobile” or the “Company”) (NASDAQ: ASTS) securities between November 14, 2023 and April 1, 2024, inclusive (the “Class Period”). SpaceMobile investors have until June 17, 2024 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On April 1, 2024, after the market closed, SpaceMobile issued a press release disclosing that production of five Block 1 BlueBird satellites had been “impacted by two suppliers, leading to delays in integration and testing.” As a result, these five satellites were expected to be transported to the launch site between July and August 2024, later than the previously expected launch in the first quarter of 2024.

On …

Full story available on Benzinga.com

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