SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in AST SpaceMobile, Inc. with Losses to Contact the Firm

LOS ANGELES, May 1, 2024

Investors who purchased the Company's securities between November 14, 2023 and April 1, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before June 17, 2024.

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

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. AST Spacemobile's production of satellites was negatively impacted by delays related to suppliers of critical subsystems. The Company failed to substantially complete the production of its five satellites and were not on track for a first quarter 2024 launch. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about AST Spacemobile, investors suffered damages.