S-1/A

AST SpaceMobile completed a business combination on April 6, 2021, merging with special purpose acquisition company New Providence Acquisition Corp. and registering to sell 28.75 million shares of Class A common stock and 6.1 million warrants, with a total offering valued at approximately $440 million. The company is developing a satellite-based mobile broadband network using 168 low Earth orbit satellites designed to provide global cellular coverage to standard unmodified mobile phones, pending first revenue generation in 2023 after initial commercial satellite launches, though the business faces substantial development risks, capital requirements, regulatory hurdles, and competitive threats from established satellite operators and terrestrial wireless providers.