DEFM14A

0001213900-21-015188 — Filed 2021-03-12

Form type: DEFM14A

Filing date: 2021-03-12

Accepted: 2021-03-12 22:19 UTC

Description: PROXY STATEMENT

Document: defm14a_newprovacq.htm

Format: html

Size: 14331.8 KB

Download status: downloaded

AI Summary

New Providence Acquisition Corp., a blank check SPAC, merged with AST & Science LLC in a business combination that created AST SpaceMobile, Inc., with existing AST equityholders retaining approximately 94% of voting power through super-voting Class C shares while NPA stockholders received roughly 6% post-deal. The transaction was funded by approximately $462 million in gross proceeds from NPA's trust account and a $230 million private investment in public equity (PIPE) from third-party investors, with the combined entity to be listed on Nasdaq under ticker "ASTS."

Generated by Claude Haiku

Document Preview

← Back to filings