Current Report (8-K)

New Providence Acquisition Corp. announced a definitive agreement on December 15, 2020 to merge with AST & Science LLC, a satellite communications company, with the combined entity to be renamed AST SpaceMobile Inc. and trade on Nasdaq. The transaction includes $230 million in committed private investments at $10 per share and requires a minimum of $250 million in total cash at closing, with the deal expected to close by March 15, 2021 or an extended deadline of 90 days after the six-month anniversary of the agreement. Key equity holders including Vodafone, Rakuten, and American Tower will retain significant board representation and voting rights through a multi-class share structure in the post-merger company.