424B3

AST SpaceMobile completed its merger with New Providence Acquisition Corp. on April 6, 2021, raising approximately $462 million in total proceeds from $232 million in trust account cash and a $230 million PIPE investment to fund development of its satellite-based cellular broadband network. The combined entity reported $951,000 in quarterly revenue for Q1 2021 against operating losses of $12.1 million, with the company burning through cash as it advanced construction of its BlueWalker 3 test satellite and maintained engineering operations across five global locations.