424B3

0001493152-21-012088 — Filed 2021-05-18

Form type: 424B3

Filing date: 2021-05-18

Accepted: 2021-05-18 14:37 UTC

Description: N/A

Document: form424b3.htm

Format: html

Size: 421.3 KB

Download status: downloaded

AI Summary

New Providence Acquisition Corp. completed its merger with AST & Science LLC on April 6, 2021, acquiring approximately $227 million in trust account proceeds and raising an additional $230 million through private investment, resulting in the renamed AST SpaceMobile, Inc. beginning trading on Nasdaq under ticker ASTS with an up-C corporate structure. The company identified a material weakness in its warrant accounting controls related to improper classification of warrants issued during its September 2019 initial public offering, which required amendment of its prior-year financial statements following SEC guidance issued in April 2021.

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