Form type: 10-K
Filing date: 2021-03-01
Report date: 2020-12-31
Accepted: 2021-02-27 00:21 UTC
Description: ANNUAL REPORT
Document: f10k2020_newprovidence.htm
Format: html (XBRL)
Size: 821.4 KB
Download status: downloaded
Annual Report (10-K)
0001213900-21-012253 — Filed 2021-03-01
New Providence Acquisition Corp., a blank-check company, entered into an equity purchase agreement in December 2020 to merge with AST & Science LLC, a satellite designer and manufacturer building a space-based cellular broadband network for direct mobile connectivity. The company had $232.2 million in its trust account as of December 31, 2020 and secured $230 million in private investment commitments from institutional investors to fund the transaction, with the combined entity to be renamed AST SpaceMobile, Inc. upon closing.