AST SpaceMobile faces securities fraud class action lawsuit

A securities fraud class action lawsuit has been filed against AST SpaceMobile, Inc. (NASDAQ: ASTS) in the United States District Court for the Western District of Texas. The lawsuit, captioned Hunter v. AST SpaceMobile, Inc., alleges that the company made materially false or misleading statements and failed to disclose material facts regarding its capital and liquidity position between March 4, 2025, and July 15, 2026.

Investors seeking lead plaintiff status have until November 13, 2026, to file.

In related market activity, Corient Private Wealth LP significantly reduced its position in AST SpaceMobile by 76.6% during the second quarter, selling 94,498 shares. Other institutional investors have shown mixed movement, with several firms increasing their holdings in recent quarters.