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Anpanman - SpaceMobile Markets: The Rakuten Exit and Analyst Games
Anpanman breaks down the recent headlines surrounding AST SpaceMobile, starting with the news that Rakuten has completed its sale of over fifteen million shares. This move, executed through a 10b5-1 plan with Bank of America, stems from Rakuten's need to de-leverage its balance sheet amid rising interest rates in Japan. While Mickey Mikitani remains a supporter and the company retains a board observer seat, the technical overhang of this massive sale has finally been lifted from the stock.
The discussion provides a sharp critique of Bank of America's handling of the Rakuten sale. By opting…
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