Form type: SC 13D
Filing date: 2021-04-16
Accepted: 2021-04-16 21:08 UTC
Description: SCHEDULE 13D
Document: tm2113083d1_sc13d.htm
Format: html
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SC 13D
0001104659-21-051453 — Filed 2021-04-16
The Cisneros family and their vehicle Invesat LLC acquired approximately 16.4-16.6% ownership stakes in AST SpaceMobile on April 6, 2021, following the company's business combination with blank-check acquisition company New Providence Acquisition Corp., investing $2 million in a PIPE offering at $10 per share and receiving 9.9 million convertible operating units of the underlying business. The investment grants the Cisneros entities board representation rights, director nomination privileges, and voting agreements with other major shareholders including Vodafone, Rakuten, and American Tower, with conversion rights to Class A Common Stock beginning April 6, 2022.