Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc.

About this update from Ast Spacemobile, Inc.

Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc. MIAMI, May 21, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long ASTS ETF (ASTY), expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified exposure to innovative growth companies. ASTY is designed for traders seeking magnified, short-term bullish exposure to AST SpaceMobile, Inc. (Nasdaq: ASTS), a satellite designer and manufacturer developing a space-based cellular broadband network aimed at connecting standard mobile phones directly to spaceborne platforms. By seeking to deliver 200% of the daily percentage change in the share price of AST SpaceMobile, Inc., the Fund allows investors to express tactical upside views on ASTS within the accessibility and transparency of an exchange-traded fund. Investment Objective The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of AST SpaceMobile, Inc. (Nasdaq: ASTS). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day. Underlying Stock: AST SpaceMobile, Inc. AST SpaceMobile, Inc. is a U.S.-based, publicly traded satellite designer and manufacturer developing a space-based cellular broadband network designed to connect standard mobile phones directly to spaceborne platforms, without the need for specialized hardware. The company's technology targets broad connectivity across the aviation, defense, and telecommunications markets, and ASTS is classified within the Diversified Telecommunication Services industry. AST SpaceMobile is listed on The Nasdaq Stock Market LLC. An investment in the ETF is not a direct investment in AST SpaceMobile, Inc. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not...

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