424B3

0001493152-21-029029 — Filed 2021-11-17

Form type: 424B3

Filing date: 2021-11-17

Accepted: 2021-11-16 23:53 UTC

Description: N/A

Document: form424b3.htm

Format: html

Size: 1523.3 KB

Download status: downloaded

AI Summary

AST SpaceMobile completed a business combination with New Providence Acquisition Corp. on April 6, 2021, raising $456.4 million in net proceeds and becoming a publicly traded company on Nasdaq under ticker ASTS, with the filing updating investor information on warrant exercises and share offerings. The company reported revenues of $6.2 million for the nine months ended September 30, 2021 (primarily from its Nano subsidiary), while accumulating a net loss of $60.5 million as it continues developing its BlueWalker 3 test satellite and designing its SpaceMobile constellation for global cellular broadband service delivery. As of September 30, 2021, the company maintained $360.4 million in cash and cash equivalents against $97.9 million in total liabilities, including $76.1 million in warrant liabilities, positioning it to fund ongoing satellite development and engineering operations across its six global locations.

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