New Providence Acquisition Corp. (NASDAQ: NPA)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
New Providence Acquisition Corp. (NASDAQ: NPA) in connection with the company s proposed merger with AST & Science LLC ( AST ). Under the terms of the merger agreement, NPA will acquire AST through a reverse merger that will result in AST becoming a publicly traded company. If you own NPA shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:
GigCapital2, Inc. (NYSE: GIX)
/PRNewswire/ If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this.
41 Stocks Moving in Monday s Pre-Market Session Benzinga 12/28/2020
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Peabody Energy Corporation (NYSE: BTU) shares rose 34.7% to $2.31 in pre-market trading after declining over 7% on Thursday.
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Ocugen, Inc. (NASDAQ: OCGN) shares rose 30.1% to $2.29 in pre-market trading after declining 32% on Thursday. The company reported the appointment of a vaccine scientific advisory board.
AST & Science LLC to Become Public Company Through Combination with New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW)
Dec 28, 2020 12:04 PM ET Legal Newswire POWERED BY LAW.COM
AST & Science LLC ( AST SpaceMobile ), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced it has entered into a business combination agreement with New Providence Acquisition Corp. , a publicly traded special purpose acquisition company. Upon closing of the transaction, AST SpaceMobile will become a publicly traded company, and it is expected that its common stock will be listed on the NASDAQ exchange under the symbol ASTS upon closing the transaction. Abel Avellan, Chairman and Chief Executive Officer of AST SpaceMobile, will continue to lead the business post-transaction. The combined company will have an implied pro forma enterprise value of approximately $1.4 billion and is expected to have an
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Satellite network company AST & Science said on Wednesday it had agreed to be taken public by blank-check firm New Providence Acquisition Corp in a deal that values the combined firm at $1.4 billion including debt.
The Midland, Texas-based company, also known as AST SpaceMobile, said it plans to launch the world’s first low-earth-orbit, low-latency satellite network to connect directly to a smartphone.
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The network will help to fortify a partner mobile operator’s coverage in areas where signals are weak or undergo disruption, with users automatically switching from the land network to the space network.