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AST | Benzinga

Another space-related SPAC deal was announced Wednesday morning, with space mobility company AST & Science LLC announcing a merger. The SPAC Deal: AST announced it s merging with New Providence Acquisition Corp (NASDAQ: NPA). The deal is being done at a post-transaction enterprise valuation. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:

Satellite firm AST to go public via $1 4 bln SPAC merger

Article content 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. We apologize, but this video has failed to load. Try refreshing your browser, or Satellite firm AST to go public via $1.4 bln SPAC merger Back to video 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.

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