New Providence Acquisition today announced that stockholders approved all proposals related to the business combination with AST & Science.
The deal is expectedto close April 6, after which the combined company will be known as AST SpaceMobile and its class A common stock and warrants will trade on the Nasdaq under ASTS and ASTSW” respectively.
The combined company will have an implied pro forma enterprise value of approximately $1.4 billion.
AST SpaceMobile expects to receive approximately $462 million in gross proceeds at closing, which includes a $230 million PIPE.
