DEFA14A

0001213900-21-004090 — Filed 2021-01-25

Form type: DEFA14A

Filing date: 2021-01-25

Accepted: 2021-01-25 22:26 UTC

Description: SOLICITING MATERIAL PURSUANT TO 240.14A-12

Document: ea133892-defa14a_newprovid.htm

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AI Summary

New Providence Acquisition Corp. is seeking stockholder approval for a business combination with AST SpaceMobile, a satellite-based mobile wireless service provider that has secured major partnerships including a binding agreement with Vodafone covering 24 markets with a 50/50 revenue share arrangement, and a memorandum of understanding with AT&T to deploy 168 satellites across the continental United States, Hawaii, Puerto Rico, and Mexico. The filing outlines AST's strategy to provide satellite-based mobile coverage through these partnerships while noting significant risks and uncertainties surrounding completion of the business combination, regulatory approvals, and the company's ability to execute its satellite deployment and commercialization plans.

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