LOS ANGELES, CA / ACCESSWIRE / April 25, 2024 / The Schall Law Firm, a

national shareholder rights litigation firm, reminds investors of a class

action lawsuit against AST SpaceMobile, Inc. ("AST SpaceMobile" or "the

Company") (NASDAQ:ASTS) for violations of §§10(b) and 20(a) of the

Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the

U.S. Securities and Exchange Commission.

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.

(https://pr.report/supq3R48)

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.

The Schall Law Firm represents investors around the world and specializes in

securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some

jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

SOURCE: The Schall Law Firm

View the original press release

(https://www.accesswire.com/856619/important-investor-notice-the-schall-law-firm-encourages-investors-in-ast-spacemobile-inc-with-losses-to-contact-the-firm)

on accesswire.com

Copyright 2024 ACCESSWIRE. All Rights Reserved.