New Providence Acquisition Corp.

New Providence Acquisition Corp. is a blank-check company (SPAC) that raised $200M in its initial public offering on Sep 12, 2019. It completed its business combination with AST & Science, LLC on Apr 6, 2021; the combined company is AST SpaceMobile, Inc. (ASTS). Kirkland & Ellis advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

AST & Science, operating as AST SpaceMobile, is building a global broadband cellular network in space that works directly with standard, unmodified mobile devices. It relies on its own patent portfolio and is the target of a business combination with a blank check company.

Status

Merger completed

IPO date

Sep 12, 2019

IPO size

$200M

Target

AST & Science, LLC

Announced

Dec 16, 2020

Closed

Apr 6, 2021

Combined company

AST SpaceMobile, Inc. (ASTS)

SPAC counsel (IPO)

Kirkland & Ellis

Underwriters' counsel (IPO)

Ellenoff Grossman & Schole