Equities

IFR US ECM PRICINGS

| Robert Sherwood

Absci (US, biotech) ─ $50m ABB. 16.7m shares (Primary) at $3.00 versus $3.00-$3.25 marketing and $3.51 last sale. MS, JPM, JEFF, TDC.

ADT (US, home security) ─ $594.3m Block. 71m shares (Secondary) at $8.37 fixed price versus $8.67 last sale. BARC, CITI, MS, GS, BTIG. Apollo Global Management is the selling shareholder. Company bought back 11m shares sold in the offering.

AST SpaceMobile (US, telecom) ─ $500m 7.25y cvt at 2.375%, up 20% versus fixed marketing. UBS, BARC. Concurrent registered direct offering (5.8m at $60.06) being exchanged for $135m principal of 4.25% CB due 2032. Capped call. Wall cross.

Netstreit (US, net lease REIT) ─ $191.2m ABB. 10.8m shares (Primary) at $17.70 versus $17.40-$17.99 marketing and $17.99 last sale. BOFA, WF. Upsized from 9m shares. Structured as a forward sale.

Topics

Equity Capital ABBs and Block Trades Americas North America United States Marketed Follow-Ons Initial Public Offerings (IPO) US Dollar

Issuers

Absci Corp (ABSI.O) ADT Inc (ADT.N) AST SpaceMobile Inc (ASTS.O) Netstreit Corp (NTST.N)