DEFA14A

New Providence Acquisition Corp. announced a proposed merger with AST SpaceMobile, a satellite communications company developing space-based cellular broadband accessible directly from standard smartphones, to create a $1.4 billion pro forma enterprise value company trading as ASTS on NASDAQ. The $400 million transaction, funded by $232 million in trust cash and committed PIPE investments from strategic partners including Vodafone, Rakuten, and American Tower, is designed to finance Phase 1 deployment of 20 satellites covering equatorial regions and achieve cash flow positivity by 2023. AST's patented technology aims to provide global broadband connectivity to approximately 5 billion mobile phones and an estimated 4 billion people currently lacking broadband access, with an expected 373 million subscribers by 2027 and projected EBITDA margins exceeding 90 percent through a 50/50 revenue-sharing wholesale model with telecom partners.