424B3

AST SpaceMobile completed a business combination with New Providence Acquisition Corp. on April 6, 2021, becoming a publicly traded company and acquiring $230 million in private investment capital to develop its LEO satellite constellation providing mobile broadband services globally. The company estimates it will need approximately $1.7 billion to design, build, and launch its planned 168-satellite SpaceMobile network, with commercial service expected to begin in 2023 after launching initial satellites covering equatorial regions, though the company has a limited operating history, no current revenues, and faces substantial execution risks including regulatory approval challenges, supply chain dependencies, and competition from other satellite operators.