Investigation announced for Long-Term Investors in AST SpaceMobile, Inc. (NASDAQ: ASTS) over possible Wrongdoing by certain directors

An investigation was announced on behalf of current long-term investors in shares of AST SpaceMobile, Inc. (NASDAQ: ASTS) concerning potential breaches of fiduciary duties by certain directors and officers of AST SpaceMobile, Inc.

Investors who are current long term investors in AST SpaceMobile, Inc. (NASDAQ: ASTS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: ASTS stocks follows a lawsuit filed against AST SpaceMobile, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ASTS stocks, concerns whether certain AST SpaceMobile, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Western District of Texas the plaintiff alleges that, the Defendants failed to disclose to investors that production of the Company's five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems, that a result, the Company had not substantially completed the production of the Block 1 BlueBird satellites, that, as a result, the Company's five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of AST SpaceMobile, Inc. (NASDAQ: ASTS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.