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New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU, NPAWW) announced stockholder approval of its business combination with AST & Science, LLC. This transaction is expected to close around April 6, 2021, leading to the formation of AST SpaceMobile, which will trade as ASTS and ASTSW on Nasdaq. The deal will provide approximately $462 million in gross proceeds, including $230 million from concurrent private placement. AST SpaceMobile aims to create a space-based cellular broadband network to connect unserved mobile subscribers worldwide.
New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU, NPAWW) is urging stockholders to vote in favor of the proposed Business Combination with AST SpaceMobile, scheduled for the virtual meeting on April 1, 2021. Stockholders as of the March 1, 2021 record date are encouraged to participate in the voting process. The board recommends voting 'FOR' the Business Combination and related proposals. Voting can be executed online or by telephone using the instructions sent to stockholders. For more details, refer to the definitive proxy statement available on the SEC's website.
New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU, NPAWW) has scheduled a special meeting of stockholders on April 1, 2021, to approve its business combination with AST & Science, LLC (AST SpaceMobile). Notice and proxy statements will be sent around March 15, 2021, to stockholders of record by March 1, 2021. The deadline for completing the Business Combination has been extended from March 15 to June 15, 2021. Upon completion, AST SpaceMobile’s common stock will trade under the ticker symbol 'ASTS' on NASDAQ.
New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU, NPAWW) is urging shareholders to vote in favor of the Charter Extension Proposal to delay the AST Business Combination deadline from March 15 to June 15, 2021. A minimum of 65% approval from shareholders is required. Stockholders who held shares on January 28, 2021, should have received proxy materials and are encouraged to vote promptly. The company emphasizes the importance of every vote and provides contact information for voting assistance. The definitive proxy statement is available at the SEC's website.
