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
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
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."