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564 filings found

Date Type Summary Reddit
2019-09-10 3 Coleman Alexander filed an initial statement of beneficial ownership on September 10, 2019 as a director and 10% owner of New Providence Acquisition Corp., reporting indirect beneficial ownership of 5.71 million shares of Class A common stock held through New Providence Management LLC, along with Class B founder shares subject to conversion into Class A shares on a one-for-one basis at the time of a business combination. Up to 750,000 of the Class B shares are subject to forfeiture depending on underwriter exercise of over-allotment options in the company's initial public offering. r/ASTS
2019-09-10 3 Timothy John Gannon, a director of New Providence Acquisition Corp. (the SPAC that would later merge with AST SpaceMobile), filed an initial beneficial ownership statement on September 10, 2019, disclosing ownership of 10,000 shares of Class A common stock and an unspecified amount of Class B founder shares that convert to Class A on a one-for-one basis upon the company's initial business combination. The Class B shares carry anti-dilution protections and no expiration date, representing standard SPAC founder equity arrangements. r/ASTS
2019-09-10 3 Daniel Ginsberg, a director of New Providence Acquisition Corp., filed an initial beneficial ownership statement on September 10, 2019, disclosing ownership of 10,000 shares of Class A common stock held directly. The filing also indicates he holds Class B common stock (founder shares) that will automatically convert into Class A common stock on a one-for-one basis upon the company's initial business combination or at the holder's option. r/ASTS
2019-09-10 3 Richard Mazer, a director of New Providence Acquisition Corp., filed an initial beneficial ownership statement on September 10, 2019, disclosing ownership of 10,000 shares of Class A common stock and Class B founder shares that will convert to Class A shares on a one-for-one basis upon the company's initial business combination. This filing reflects Mazer's establishment as a beneficial owner in the SPAC that would eventually merge with AST SpaceMobile. r/ASTS
2019-09-10 3 New Providence Management LLC, a director and 10% owner of New Providence Acquisition Corp., filed an initial beneficial ownership statement on September 10, 2019, disclosing ownership of 5,710,000 shares of Class A common stock and Class B founder shares that convert to Class A on a one-for-one basis upon the company's initial business combination. Up to 750,000 of the Class B shares are subject to forfeiture depending on whether underwriters exercise their full over-allotment option in the IPO. r/ASTS
2019-09-10 3 Gary P. Smith, CEO and director of New Providence Acquisition Corp., filed an initial beneficial ownership statement on September 10, 2019, disclosing indirect ownership of 5,710,000 shares of Class A common stock held through New Providence Management LLC, along with Class B founder shares convertible to Class A shares on a one-for-one basis upon the company's initial business combination. Up to 750,000 of the Class B shares are subject to forfeiture depending on whether underwriters exercise their over-allotment option in full. r/ASTS
2019-09-10 EFFECT AST SpaceMobile's registration statement on Form S-1 became effective on September 10, 2019, allowing the company to proceed with its initial public offering through a merger with New Providence Acquisition Corp., a special purpose acquisition company. This effectiveness notice cleared the way for the combined entity to begin trading publicly and raise capital to fund its satellite-based mobile broadband network intended to provide cellular coverage globally. r/ASTS
2019-09-06 S-1/A New Providence Acquisition Corp., a blank check company, raised $200 million in an IPO of 20 million units at $10 per unit, with each unit consisting of one Class A share and half a warrant exercisable at $11.50 per share. The company, led by experienced consumer sector executives Alexander Coleman, Gary P. Smith, and James Bradley, intends to identify and acquire an undervalued business in the consumer industry within 18 months, with $200 million held in trust and available for redemption by public shareholders if no deal is completed by the deadline. r/ASTS
2019-09-06 CORRESP New Providence Acquisition Corp. requested acceleration of its Form S-1 registration statement effective date to September 10, 2019, to expedite the public offering process. The company, a special purpose acquisition corporation, sought SEC approval to move forward with its capital raise and subsequent merger with AST SpaceMobile to launch a satellite-based cellular broadband network. r/ASTS
2019-09-06 CORRESP New Providence Acquisition Corp. (later AST SpaceMobile) requested acceleration of its Form S-1 registration statement effective date to September 10, 2019, to proceed with a public offering of units consisting of Class A common stock and redeemable warrants. BTIG, LLC, as underwriter representative, confirmed distribution of the preliminary prospectus to institutional investors and dealers, and verified compliance with Securities Exchange Act requirements. r/ASTS
2019-08-23 S-1 New Providence Acquisition Corp. raised $200 million through a blank check company IPO in August 2019, planning to identify and acquire a target business in the consumer sector within 18 months using a management team with extensive private equity and beverage industry experience. The company will deposit $200 million in a trust account, provide public shareholders redemption rights at $10 per share if no business combination is completed within 18 months, and the sponsor purchased 5.5 million private placement warrants at $1 per warrant exercisable at $11.50 per share. r/ASTS
2019-08-23 CORRESP New Providence Acquisition Corp. responded to SEC staff comments on its Form S-1 registration statement filed in June 2019, making revisions to clarify redemption mechanics for public shareholders, fairness opinion requirements for related-party business combinations, and audit report standards. The company confirmed it had not yet presented any written communications to potential investors under Section 5(d) of the Securities Act but committed to providing copies of any future communications used before the offering. The revised registration statement reflecting these SEC-requested changes was filed concurrently with the response letter. r/ASTS
2019-07-25 UPLOAD Annual report to shareholders (PDF document). View the original document for full content. r/ASTS
2019-06-27 DRS New Providence Acquisition Corp., a blank-check SPAC, raised $125 million in its June 2019 initial public offering of 12.5 million units at $10 each, with each unit containing one Class A share and half a warrant exercisable at $11.50. The company has 24 months to identify and complete a merger with an unspecified target business in the consumer sector, leveraging management's experience in private equity and beverage operations, with $125 million held in trust and subject to redemption if no deal closes within the timeframe. r/ASTS