CORRESP

New Providence Acquisition Corp responded to SEC staff comments regarding its planned merger with AST SpaceMobile by clarifying governance provisions for the Redemption Election Committee, which will control how non-controlling interests are redeemed, and by adopting additional restrictions limiting any cash redemptions to proceeds from new equity offerings rather than existing company assets. The company modified its operating agreement to ensure that if the Redemption Election Committee cannot act within the required timeframe, redemptions must be settled in shares, and it emphasized that these structural protections allow non-controlling interests to be classified as permanent equity rather than temporary equity on the balance sheet.