AST SpaceMobile, Inc 8-K, filed Sep 24, 2021
AST SpaceMobile, Inc. (ASTS)
About this 8-K
AST SpaceMobile, Inc filed this 8-K on September 24, 2021, reporting on events of September 20, 2021.
Items reported
- Item 1.01: Entered into a material agreement
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CURRENT REPORT
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Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On September 20, 2021, AST & Science LLC, a subsidiary of AST SpaceMobile, Inc. (the “Company”) and Joint Stock Company GK Launch Services (“GK”, and together with the Company, the “Parties”) entered into a letter agreement (the “Letter Agreement”) related to the Parties’ existing launch services contract, dated as of July 17, 2020 (the “Launch Services Contract”).
As previously disclosed, on July 23, 2021, the Company entered into an agreement with Space Exploration Technologies Corp. (“SpaceX”) relating to the launch of the Company’s BlueWalker 3 test satellite (“BW3”). The launch of BW3 was originally scheduled to occur under the Launch Service Contract and to coincide with the launch of a primary payload by GK from an unrelated entity. However, the primary payload from such unrelated entity was delayed and in order to obtain greater certainty regarding the BW3 launch date, the Company entered into the launch agreement with SpaceX, an alternate launch provider offering an available launch period for BW3 beginning March 2022. The exact timing of such launch is contingent on a number of factors, including satisfactory and timely completion of construction and testing of BW3.
Among other things, the Letter Agreement permits the Parties to seek to identify other opportunities for the launch of the Company’s future payloads and credits the $2.7 million the Company has paid GK under the Launch Services Contract for such future launch services. Neither of the Parties will have any further obligations or payments required under the Launch Services Contract unless the Parties reach an agreement regarding future services.
The foregoing description of the Letter Agreement and the Launch Services Contract does not purport to be complete and is qualified in its entirety by reference to the full text of those documents, which Letter Agreement is attached as Exhibit 10.1 to this Form 8-K, and documents are incorporated herein by reference.
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Exhibit No. |
Description | |
| 10.1 | Launch Services Amendment, dated as of September 20, 2021* | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
* Certain portions of this Exhibit have been redacted pursuant to Item 601(b)(10) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 24, 2021
| AST SPACEMOBILE, INC. | ||
| By: | /s/ Thomas Severson | |
| Name: | Thomas Severson | |
| Title: | Chief Financial Officer | |
Exhibit 10.1
