Current Report (8-K)

New Providence Acquisition Corp. filed supplemental disclosures to its proxy statement ahead of an April 1, 2021 stockholder vote on its planned merger with AST & Science LLC to form AST SpaceMobile, Inc., voluntarily adding clarifications about ownership stakes to avoid litigation costs despite asserting the original disclosures were legally sufficient. Under the deal terms with $230 million in PIPE investment and no stockholder redemptions, existing AST equityholders would hold 94% of voting power while current NPA shareholders would hold 6% post-closing. The company faced three shareholder lawsuits and demand letters alleging incomplete disclosures in the preliminary proxy materials but denied the allegations had merit.