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AST & Science LLC to Become Public Company Through Combination with New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW)

AST & Science LLC to Become Public Company Through Combination with New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW) - AST & Science LLC ( AST SpaceMobile ) is building the first and only space-based cellular broadband network accessible directly by standard mobile phones - AST SpaceMobile to become publicly listed through a business combination with New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW) - Combined company to have an estimated post-transaction enterprise value of $1.4 billion and will become listed on the NASDAQ under the ticker symbol ASTS following expected transaction close in the first quarter of 2021 - Transaction to provide up to $462 million in gross proceeds, comprised of New Providence Acquisition Corp. s $232 million of cash held in trust (assuming no redemptions) and a $230 million fully committed common stock PIPE at $10.00 per share, including investments from Rakuten, Vodafone, American Tower, UBS O Connor and a broad base

Satellite firm AST to go public via $1.4 billion SPAC merger

Satellite firm AST to go public via US$1.4 bil SPAC merger