STOCK TITAN

[8-K] AST SpaceMobile, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Bank of Montreal (BMO) and its affiliates filed a Schedule 13G reporting passive ownership of 1,230,000 units of Jena Acquisition Corp II (ticker JENA) as of 30 June 2025. Each unit contains one Class A ordinary share and one right. The holding represents 5.3 % of the outstanding class, triggering the 5 % disclosure threshold under Section 13(d)/(g).

The filing lists three Canadian entities—Bank of Montreal, Bank of Montreal Holding Inc. and BMO Nesbitt Burns Inc.—all sharing voting and dispositive power over the entire position; none has sole power. The stake is held in the ordinary course of business, primarily in BMO’s role as prime broker for certain clients, and the certification states the investment is not intended to influence control of the SPAC.

No purchase price, transaction dates or additional financial data are provided. The disclosure simply adds a new institutional owner to JENA’s register, signalling modest institutional interest but no immediate strategic intent.

Bank of Montreal (BMO) e le sue affiliate hanno presentato un Schedule 13G dichiarando una partecipazione passiva di 1.230.000 unità di Jena Acquisition Corp II (simbolo JENA) al 30 giugno 2025. Ogni unità comprende un'azione ordinaria di Classe A e un diritto. La partecipazione rappresenta il 5,3% della classe in circolazione, superando così la soglia di comunicazione del 5% prevista dalla Sezione 13(d)/(g).

La dichiarazione include tre entità canadesi — Bank of Montreal, Bank of Montreal Holding Inc. e BMO Nesbitt Burns Inc. — tutte con potere di voto e di disposizione sull’intera posizione; nessuna detiene potere esclusivo. La partecipazione è detenuta nell’ambito della normale attività commerciale, principalmente nel ruolo di prime broker per alcuni clienti di BMO, e la certificazione specifica che l’investimento non è finalizzato a influenzare il controllo della SPAC.

Non sono stati forniti dettagli sul prezzo di acquisto, le date delle transazioni o ulteriori dati finanziari. La comunicazione aggiunge semplicemente un nuovo investitore istituzionale nel registro di JENA, indicando un interesse istituzionale moderato ma senza un’intenzione strategica immediata.

Bank of Montreal (BMO) y sus afiliadas presentaron un Schedule 13G reportando una propiedad pasiva de 1,230,000 unidades de Jena Acquisition Corp II (símbolo JENA) al 30 de junio de 2025. Cada unidad contiene una acción ordinaria Clase A y un derecho. La participación representa el 5.3 % de la clase en circulación, superando el umbral de divulgación del 5 % según la Sección 13(d)/(g).

El reporte incluye tres entidades canadienses — Bank of Montreal, Bank of Montreal Holding Inc. y BMO Nesbitt Burns Inc. — que comparten poder de voto y disposición sobre toda la posición; ninguna tiene poder exclusivo. La participación se mantiene en el curso normal del negocio, principalmente en el rol de BMO como prime broker para ciertos clientes, y la certificación indica que la inversión no pretende influir en el control de la SPAC.

No se proporcionan datos sobre precio de compra, fechas de transacción ni información financiera adicional. La divulgación simplemente añade un nuevo propietario institucional al registro de JENA, señalando un interés institucional moderado pero sin intención estratégica inmediata.

뱅크 오브 몬트리올(BMO) 및 그 계열사는 2025년 6월 30일 기준으로 Jena Acquisition Corp II(티커 JENA)의 1,230,000 단위에 대한 수동적 소유를 보고하는 Schedule 13G를 제출했습니다. 각 단위는 클래스 A 보통주 1주와 권리 1개를 포함합니다. 이 보유 지분은 발행된 클래스의 5.3%에 해당하며, 이는 섹션 13(d)/(g)에 따른 5% 공시 기준을 초과합니다.

보고서에는 캐나다의 세 개 법인—뱅크 오브 몬트리올, Bank of Montreal Holding Inc., BMO Nesbitt Burns Inc.—가 전체 지분에 대해 투표권 및 처분권을 공유하고 있으며, 어느 곳도 단독 권한을 갖지 않습니다. 이 지분은 주로 BMO가 특정 고객을 위한 프라임 브로커 역할을 수행하는 정상적인 사업 과정에서 보유하고 있으며, 인증서에는 이 투자가 SPAC의 지배권에 영향을 미치려는 목적이 아님을 명시하고 있습니다.

매입 가격, 거래 날짜 또는 추가 재무 정보는 제공되지 않았습니다. 이번 공시는 단순히 JENA의 주주 명부에 새로운 기관 투자자를 추가한 것으로, 기관의 적당한 관심을 나타내지만 즉각적인 전략적 의도는 없음을 의미합니다.

Bank of Montreal (BMO) et ses affiliés ont déposé un Schedule 13G déclarant une détention passive de 1 230 000 unités de Jena Acquisition Corp II (symbole JENA) au 30 juin 2025. Chaque unité comprend une action ordinaire de Classe A et un droit. Cette participation représente 5,3 % de la classe en circulation, dépassant ainsi le seuil de divulgation de 5 % selon la Section 13(d)/(g).

Le dépôt mentionne trois entités canadiennes — Bank of Montreal, Bank of Montreal Holding Inc. et BMO Nesbitt Burns Inc. — qui partagent toutes le pouvoir de vote et de disposition sur la totalité de la position ; aucune ne détient un pouvoir exclusif. La participation est détenue dans le cadre des activités normales, principalement dans le rôle de BMO en tant que prime broker pour certains clients, et la certification précise que l’investissement n’a pas pour but d’influencer le contrôle de la SPAC.

Aucun prix d’achat, date de transaction ou donnée financière supplémentaire n’est fourni. La divulgation ajoute simplement un nouvel investisseur institutionnel au registre de JENA, signalant un intérêt institutionnel modéré mais sans intention stratégique immédiate.

Bank of Montreal (BMO) und seine Tochtergesellschaften reichten ein Schedule 13G ein, in dem sie einen passiven Besitz von 1.230.000 Einheiten der Jena Acquisition Corp II (Ticker JENA) zum 30. Juni 2025 meldeten. Jede Einheit enthält eine Stammaktie der Klasse A und ein Bezugsrecht. Die Beteiligung entspricht 5,3 % der ausstehenden Klasse und überschreitet damit die Meldepflichtschwelle von 5 % gemäß Abschnitt 13(d)/(g).

Die Meldung listet drei kanadische Einheiten – Bank of Montreal, Bank of Montreal Holding Inc. und BMO Nesbitt Burns Inc. – alle mit Stimm- und Verfügungsgewalt über die gesamte Position; keine hat Alleinmacht. Die Beteiligung wird im normalen Geschäftsverlauf gehalten, hauptsächlich in der Rolle von BMO als Prime Broker für bestimmte Kunden, und die Bescheinigung besagt, dass die Investition nicht darauf abzielt, Kontrolle über die SPAC auszuüben.

Es werden keine Kaufpreise, Transaktionsdaten oder weitere finanzielle Details angegeben. Die Meldung fügt lediglich einen neuen institutionellen Eigentümer in das Register von JENA ein, was auf ein moderates institutionelles Interesse, aber keine unmittelbare strategische Absicht hinweist.

Positive
  • Institutional endorsement: Entry of a global bank holding 5.3 % may enhance market confidence and liquidity in JENA shares.
Negative
  • None.

Insights

TL;DR: BMO discloses a passive 5.3 % stake; modest institutional endorsement, limited strategic signal.

The 13G shows a threshold-crossing position, suggesting JENA has attracted attention from a major Canadian financial institution. Because the filing is on Schedule 13G, the stake is classified as passive, implying no activist agenda. A 5.3 % holding can improve liquidity perception and broaden the shareholder base, but it is not large enough to materially sway corporate actions. The absence of sole voting/dispositive power confirms it is likely client-related prime brokerage inventory. Overall impact on valuation or deal prospects is limited.

TL;DR: Passive group ownership, shared control, low governance impact.

From a governance lens, BMO’s shared-power structure mitigates concerns about concentrated influence. The certification that the stake is held in the ordinary course further reduces activism risk. Investors should view this as routine reporting compliance rather than a signal of impending governance shifts. Unless the stake grows beyond 10 % or converts to a 13D filing, board dynamics remain unchanged.

Bank of Montreal (BMO) e le sue affiliate hanno presentato un Schedule 13G dichiarando una partecipazione passiva di 1.230.000 unità di Jena Acquisition Corp II (simbolo JENA) al 30 giugno 2025. Ogni unità comprende un'azione ordinaria di Classe A e un diritto. La partecipazione rappresenta il 5,3% della classe in circolazione, superando così la soglia di comunicazione del 5% prevista dalla Sezione 13(d)/(g).

La dichiarazione include tre entità canadesi — Bank of Montreal, Bank of Montreal Holding Inc. e BMO Nesbitt Burns Inc. — tutte con potere di voto e di disposizione sull’intera posizione; nessuna detiene potere esclusivo. La partecipazione è detenuta nell’ambito della normale attività commerciale, principalmente nel ruolo di prime broker per alcuni clienti di BMO, e la certificazione specifica che l’investimento non è finalizzato a influenzare il controllo della SPAC.

Non sono stati forniti dettagli sul prezzo di acquisto, le date delle transazioni o ulteriori dati finanziari. La comunicazione aggiunge semplicemente un nuovo investitore istituzionale nel registro di JENA, indicando un interesse istituzionale moderato ma senza un’intenzione strategica immediata.

Bank of Montreal (BMO) y sus afiliadas presentaron un Schedule 13G reportando una propiedad pasiva de 1,230,000 unidades de Jena Acquisition Corp II (símbolo JENA) al 30 de junio de 2025. Cada unidad contiene una acción ordinaria Clase A y un derecho. La participación representa el 5.3 % de la clase en circulación, superando el umbral de divulgación del 5 % según la Sección 13(d)/(g).

El reporte incluye tres entidades canadienses — Bank of Montreal, Bank of Montreal Holding Inc. y BMO Nesbitt Burns Inc. — que comparten poder de voto y disposición sobre toda la posición; ninguna tiene poder exclusivo. La participación se mantiene en el curso normal del negocio, principalmente en el rol de BMO como prime broker para ciertos clientes, y la certificación indica que la inversión no pretende influir en el control de la SPAC.

No se proporcionan datos sobre precio de compra, fechas de transacción ni información financiera adicional. La divulgación simplemente añade un nuevo propietario institucional al registro de JENA, señalando un interés institucional moderado pero sin intención estratégica inmediata.

뱅크 오브 몬트리올(BMO) 및 그 계열사는 2025년 6월 30일 기준으로 Jena Acquisition Corp II(티커 JENA)의 1,230,000 단위에 대한 수동적 소유를 보고하는 Schedule 13G를 제출했습니다. 각 단위는 클래스 A 보통주 1주와 권리 1개를 포함합니다. 이 보유 지분은 발행된 클래스의 5.3%에 해당하며, 이는 섹션 13(d)/(g)에 따른 5% 공시 기준을 초과합니다.

보고서에는 캐나다의 세 개 법인—뱅크 오브 몬트리올, Bank of Montreal Holding Inc., BMO Nesbitt Burns Inc.—가 전체 지분에 대해 투표권 및 처분권을 공유하고 있으며, 어느 곳도 단독 권한을 갖지 않습니다. 이 지분은 주로 BMO가 특정 고객을 위한 프라임 브로커 역할을 수행하는 정상적인 사업 과정에서 보유하고 있으며, 인증서에는 이 투자가 SPAC의 지배권에 영향을 미치려는 목적이 아님을 명시하고 있습니다.

매입 가격, 거래 날짜 또는 추가 재무 정보는 제공되지 않았습니다. 이번 공시는 단순히 JENA의 주주 명부에 새로운 기관 투자자를 추가한 것으로, 기관의 적당한 관심을 나타내지만 즉각적인 전략적 의도는 없음을 의미합니다.

Bank of Montreal (BMO) et ses affiliés ont déposé un Schedule 13G déclarant une détention passive de 1 230 000 unités de Jena Acquisition Corp II (symbole JENA) au 30 juin 2025. Chaque unité comprend une action ordinaire de Classe A et un droit. Cette participation représente 5,3 % de la classe en circulation, dépassant ainsi le seuil de divulgation de 5 % selon la Section 13(d)/(g).

Le dépôt mentionne trois entités canadiennes — Bank of Montreal, Bank of Montreal Holding Inc. et BMO Nesbitt Burns Inc. — qui partagent toutes le pouvoir de vote et de disposition sur la totalité de la position ; aucune ne détient un pouvoir exclusif. La participation est détenue dans le cadre des activités normales, principalement dans le rôle de BMO en tant que prime broker pour certains clients, et la certification précise que l’investissement n’a pas pour but d’influencer le contrôle de la SPAC.

Aucun prix d’achat, date de transaction ou donnée financière supplémentaire n’est fourni. La divulgation ajoute simplement un nouvel investisseur institutionnel au registre de JENA, signalant un intérêt institutionnel modéré mais sans intention stratégique immédiate.

Bank of Montreal (BMO) und seine Tochtergesellschaften reichten ein Schedule 13G ein, in dem sie einen passiven Besitz von 1.230.000 Einheiten der Jena Acquisition Corp II (Ticker JENA) zum 30. Juni 2025 meldeten. Jede Einheit enthält eine Stammaktie der Klasse A und ein Bezugsrecht. Die Beteiligung entspricht 5,3 % der ausstehenden Klasse und überschreitet damit die Meldepflichtschwelle von 5 % gemäß Abschnitt 13(d)/(g).

Die Meldung listet drei kanadische Einheiten – Bank of Montreal, Bank of Montreal Holding Inc. und BMO Nesbitt Burns Inc. – alle mit Stimm- und Verfügungsgewalt über die gesamte Position; keine hat Alleinmacht. Die Beteiligung wird im normalen Geschäftsverlauf gehalten, hauptsächlich in der Rolle von BMO als Prime Broker für bestimmte Kunden, und die Bescheinigung besagt, dass die Investition nicht darauf abzielt, Kontrolle über die SPAC auszuüben.

Es werden keine Kaufpreise, Transaktionsdaten oder weitere finanzielle Details angegeben. Die Meldung fügt lediglich einen neuen institutionellen Eigentümer in das Register von JENA ein, was auf ein moderates institutionelles Interesse, aber keine unmittelbare strategische Absicht hinweist.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 31, 2025

 

AST SpaceMobile, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-39040   84-2027232
(State or Other Jurisdiction   (Commission   (IRS Employer
of Incorporation)   File Number)   Identification No.)

 

Midland International Air & Space Port

2901 Enterprise Lane

Midland, Texas

  79706
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (432) 276-3966

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A common stock, par value $0.0001 per share   ASTS   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 8.01 Other Events.

 

On July 31, 2025, AST SpaceMobile, Inc. (the “Company”) completed the repurchase of $135.0 million principal amount of its outstanding 4.25% convertible senior notes due 2032 (the “Existing Notes”) in separate, privately negotiated repurchase transactions with a limited number of holders of the Existing Notes (the “Holders”) for an aggregate repurchase price of approximately $346.9 million, which included accrued and unpaid interest on the repurchased Existing Notes.

 

The repurchase was funded with the net proceeds from the Company’s previously announced registered direct offering of 5,775,635 shares of its Class A common stock (“Common Stock”) at a price of $60.06 per share (the “Equity Offering”). In connection with the Equity Offering, the Company entered into separate, privately negotiated share purchase agreements with the Holders.

 

The Equity Offering was made pursuant to a preliminary prospectus supplement, dated July 24, 2025, and filed with the Securities and Exchange Commission (the “SEC”) on July 24, 2025, a pricing term sheet, dated July 24, 2025, and filed with the SEC as a free writing prospectus on July 25, 2025, a final prospectus supplement, dated July 24, 2025, and filed with the SEC on July 28, 2025, and the base prospectus, dated September 5, 2024, filed as part of the Company’s automatic shelf registration statement (File No. 333-281939) that became effective under the Securities Act when filed with the SEC on September 5, 2024.

 

A copy of the opinion of Freshfields US LLP relating to the legality of the issuance and sale of the Common Stock is attached hereto as Exhibit 5.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
5.1   Opinion of Freshfields US LLP
23.1   Consent of Freshfields US LLP (included in Exhibit 5.1)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  AST SPACEMOBILE, INC.
   
Date:July 31, 2025 By: /s/ Andrew M. Johnson
    Andrew M. Johnson
    Executive Vice President, Chief Financial Officer and Chief Legal Officer

 

 

 

FAQ

Why did Bank of Montreal file a Schedule 13G on JENA?

BMO crossed the 5 % ownership threshold, requiring disclosure; it filed a passive Schedule 13G rather than an activist 13D.

How many JENA units does BMO control?

The filing reports 1,230,000 units with shared voting and dispositive power.

What percentage of JENA does the 1.23 million units represent?

The stake equals 5.3 % of JENA’s outstanding Class A units.

Is BMO seeking control of JENA?

No. The certification states the securities are held in the ordinary course of business with no intent to influence control.

Which BMO entities are listed as reporting persons?

Bank of Montreal, Bank of Montreal Holding Inc., and BMO Nesbitt Burns Inc. are all joint filers.
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