About Monteverde & Associates PC
that has recovered millions of dollars and
is
committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report. Our lawyers have significant NPA litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer. Our firm s recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court.
AST & Science LLC to Become Public Company Through Combination with New Providence Acquisition Corp – Parabolic Arc parabolicarc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from parabolicarc.com Daily Mail and Mail on Sunday newspapers.
Now what
NPA says the new IPO, tickered ASTS, will come public with a $1.8 billion market capitalization and a $1.4 billion enterprise value, of which $462 million will be cash that AS&T can use to build its business. The company s aim will be to address a $1 trillion need to enable cellphones that are already in existence to communicate with each other via satellite.
Those are some big numbers, and they may be the reason that investors in other space stocks are getting excited about the emerging space economy. The more money that pours into this sector, so the thinking may go, the more money that will be allotted to space companies of all stripes.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of New Providence .
Rigrodsky & Long, P.A.December 19, 2020 GMT
WILMINGTON, Del., Dec. 18, 2020 (GLOBE NEWSWIRE) Rigrodsky & Long, P.A. announces that it is investigating New Providence Acquisition Corp. (“New Providence”) (NASDAQ CM: NPA ) regarding possible breaches of fiduciary duties and other violations of law related to New Providence’s agreement to merge with AST & Science LLC.
ADVERTISEMENT
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-new-providence-acquisition-corp.
You may contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com.
18 December 2020 | Melanie Mingas The first space-based network to connect directly to 4G and 5G smartphones has received a multi-million-dollar funding boost for the first phase of its commercial launch.
Pioneered by AST SpaceMobile in partnership with Vodafone Group, once live in 2023 the network will connect 1.6 billion people across 49 of the largest countries in the world s equatorial regions.
To support its phase one commercial launch, AST SpaceMobile said it has secured up to US$462 million in gross proceeds in additional financing .
The funds comprise a $232 million cash investment from New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW) and, through a business combination agreement with NPA, AST will become a publicly traded company on the NASDAQ exchange, trading under the symbol ASTS.