DEFA14A

On December 15, 2020, New Providence Acquisition Corp. announced a definitive merger agreement with AST & Science LLC, a satellite communications company, with the combined entity to be renamed AST SpaceMobile Inc. and listed on Nasdaq. The transaction includes $230 million in committed private investment at $10 per share, and requires a minimum of $250 million in total cash at closing, with the sponsor forfeiting shares if combined proceeds fall below $400 million. The deal is structured as an umbrella partnership C-corporation with Abel Avellan retaining significant control through supervoting shares, and includes a tax receivable agreement requiring the company to pay 85% of certain tax savings to existing equity holders.