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
Format: html
Size: 33.0 KB
Download status: downloaded
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
Format: html
Size: 33.0 KB
Download status: downloaded
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.