PRE 14A

0001213900-21-004100 — Filed 2021-01-26

Form type: PRE 14A

Filing date: 2021-01-26

Report date: 2021-01-25

Accepted: 2021-01-25 23:21 UTC

Description: PRELIMINARY PROXY STATEMENT

Document: ea133883-pre14a_newproviden.htm

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Size: 525.9 KB

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AI Summary

New Providence Acquisition Corp. entered into an equity purchase agreement in December 2020 to merge with AST & Science LLC, a space communications company, but determined it lacked sufficient time to complete the transaction before its March 15, 2021 deadline. The company is seeking stockholder approval to extend the business combination deadline to June 15, 2021, with approximately $232 million held in trust and public shareholders entitled to redeem their shares at roughly $10.09 per share regardless of their vote. If the extension is not approved or the deal fails to close by the extended deadline, the company will liquidate and return the trust funds to public shareholders after winding down operations.

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