Current Report (8-K)

On April 6, 2021, AST SpaceMobile completed its merger with special purpose acquisition company New Providence Acquisition Corp., raising approximately $456 million in gross proceeds to fund satellite development and operations. The combined company began trading on Nasdaq under ticker symbols ASTS and ASTSW, with existing AST equityholders and sponsors retaining approximately 77.8% ownership while public stockholders and PIPE investors each hold 12.7%, though the founders maintain 95.5% voting control through multi-class share structure. AST is manufacturing its BlueWalker 3 test satellite targeted for launch in late 2021 and holds strategic partnerships with major telecom companies including Rakuten Mobile, Vodafone, and others for providing satellite-based mobile services.