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Bankruptcy Court OKs Ligado's Chapter 11 Reorganization

With U.S. Bankruptcy Court having entered a formal order approving Ligado's comprehensive Chapter 11 organization plan, the company emailed us this week that it and AST SpaceMobile will next file applications with regulators in the coming weeks about AST leasing…

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Ligado's L-band spectrum. Once those applications are approved, Ligado would emerge from its Chapter 11 bankruptcy reorganization, it said.