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AST SpaceMobile officers face probe over alleged false statements and shareholder harm.

Market News
17 Sep 2026, 17:54 WIB
Newsfile Corp
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Bearish
AST SpaceMobile officers face probe over alleged false statements and shareholder harm.

Grabar Law Office is investigating whether AST SpaceMobile's executives breached their duties by allegedly making false or misleading statements about the company's financial health and competitive position. The probe follows a securities fraud class action claiming AST overstated its liquidity and market strength while raising billions through convertible-note offerings. Shareholders who bought AST shares before March 4, 2025 and still hold them may seek corporate reforms and recoveries at no cost. The investigation highlights concerns about executive conduct and potential impacts on shareholder value amid declining stock prices after capital raises.

AST SpaceMobile shares are trading at USD 62.65 on Pluang, showing a strong 5.70% gain as of Sep 17, 2026 22:02 WIB. Despite the ongoing investigation into executive conduct and shareholder concerns, the stock remains well above its 52-week low of USD 41.19 but far below its 52-week high of USD 133.09. Pluang investors hold ASTS for an average of 32 days, with buying activity dominating at 98%.

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