SAN DIEGO, May 13, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired AST SpaceMobile Inc. (NASDAQ:ASTS) securities between November 14, 2023 and April 1, 2024. SpaceMobile, together with its subsidiaries, claims to develop and provide access to a space-based cellular broadband network for smartphones in the United States distributed through a constellation of Low Earth Orbit satellites.
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The Allegations: Robbins LLP is Investigating the Allegations that AST SpaceMobile, Inc. (ASTS) Misled Investors Regarding its Launch Schedule
According to the complaint, SpaceMobile purports to be in the advanced stages of assembling and testing its first generation of commercial BlueBird satellites, the "Block 1 BlueBird" satellites, in advance of launching its space-based cellular broadband network. Following the planned launch and deployment of five Block 1 BlueBird satellites, the Company intends to initiate limited, noncontinuous cellular service in ...