Skip to main content
spacbrain

New Providence Acquisition Corp.

NPA · Nasdaq · formerly AST SpaceMobile, Inc.

Trust settledAST SpaceMobile, Inc. · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from New Providence Acquisition Corp. (Smith Gary P.), listed on Nasdaq in September 2019.
What it's doing now
It agreed to buy AST SpaceMobile, Inc., a space-based cellular broadband network company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
AST SpaceMobile, Inc. — SpaceMobile AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio.
Industry
Communication Services — space-based cellular broadband network
Deal value
not stated in the filings we hold
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
12 September 2019
size not on file
Headquarters
MIDLAND INTL. AIR & SPACE PORT, MIDLAND, TX, 79706
registered in Delaware
Lead underwriter
not extracted from the prospectus yet
Key officers
Gupta Shanti B. (Chief Operating Officer) · Johnson Andrew Martin (CFO and CLO) · Bernal Maya (Chief Accounting Officer)
Listed securities
NPA common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 12 September 2019IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

The score

deterministic, from filed fields

NPA is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

New Providence Acquisition Corp. was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker NPA. The company priced its initial public offering on September 12, 2019, under SEC file number 333-233449, with the pricing prospectus filed as 424B4 0001213900-19-017878 and classified under SIC industry code 4899, Communications Services, NEC. Its registration statement was filed on Form S-1 on August 23, 2019, registering shares sold for cash. The vehicle completed a business combination and no longer files, with the change in shell company status reported on Form 8-K filed April 12, 2021, under accession 0001493152-21-008574. EDGAR now lists SEC CIK 0001780312 under the name AST SpaceMobile, Inc.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • 10-Q10 August 20260001193125-26-342550opens on sec.gov in a new tab

    The SPAC is long-closed; this 10-Q shows accelerating commercial revenue and satellite deployment progress (BB8-13 launched) but mounting losses and a heavy ~$3.0B debt load. The BB7 loss and large capital expenditures ($859M in H1 2026) underscore execution risk as the company scales its constellation.

  • 8-K10 August 20260001193125-26-342540opens on sec.gov in a new tab

    The filing confirms ASTS is scaling its constellation and monetizing both commercial and government contracts, with over $125M in new U.S. Government awards this quarter. The large cash position and low-dilution financing provide runway to continue production through BlueBird 46 and prepare for beta service in 2026.

  • 8-K20 July 20260001493152-26-033912opens on sec.gov in a new tab

    A new convertible issue is dilution deferred rather than avoided: holders of the 2034 notes convert into common stock if the shares appreciate, and the 1.625% coupon signals the conversion option, not the interest, is what investors are paying for. For a former NPA holder there is no trust or redemption right left, so the capital structure is the risk — the notes rank ahead of equity and carry standard acceleration on default. The principal amount and conversion price sit in the note terms rather than in this captured text.

  • 8-K15 July 20260001493152-26-033365opens on sec.gov in a new tab

    Roughly $2.7 billion of cash before the raise means this is opportunistic financing rather than a funding necessity, and the capped call is the tell: the company is paying to push the effective conversion price above the notes' stated strike, limiting how much stock ultimately gets issued. For a former NPA holder that mitigates but does not remove the dilution from the 2034 notes. The liquidity figure is a preliminary estimate ahead of the quarter close, so it may move when full results are published.

  • DEF 14A28 April 20260001493152-26-019384opens on sec.gov in a new tab

    Two strategic holders falling below their designation thresholds means Rakuten Mobile and Antares have diluted down or sold - a signal about anchor-investor conviction, and it removes their board representation and the oversight that came with it. The proxy also warns that where the company relies on governance exemptions, Class A holders will not have the same protections as shareholders of companies subject to all Nasdaq requirements.

  • DEF 14A30 July 20240001493152-24-029625opens on sec.gov in a new tab

    The plan is being approved without a stated grant schedule, so its cost depends on decisions made after the vote — and the currency is expensive: Class A Common Stock closed at $13.48 on the July 15, 2024 record date. Against that, the pay-versus-performance table shows an initial fixed investment worth $44 for 2023 against a net loss of $87,561 thousand, with non-PEO named executives averaging $537,444 actually paid on a $250,000 summary table total.

Show 2 more material filings
  • DEFM14A12 March 20210001213900-21-015188opens on sec.gov in a new tab

    Assuming no NPA stockholders redeem and a PIPE Investment of $230 million, current NPA stockholders are expected to own approximately 16% of SpaceMobile, or approximately 29% together with the PIPE investors. Voting power is separated from economics by a third class: each share of Class C common stock carries the lesser of 10 votes and the Class C Share Voting Amount until the Sunset Date and one vote after it, while Class A and Class B carry one vote each. The Sponsor's Class B stock converts into Class A at closing, excluding any Forfeited Sponsor Stock.

  • PREM14A23 December 20200001213900-20-044208opens on sec.gov in a new tab

    Voting control is separated from economics by a new class: before the Sunset Date each share of Class C Common Stock carries the lesser of 10 votes and the Class C Share Voting Amount, dropping to one vote afterwards, while Class A and Class B carry one vote each. Assuming no NPA stockholder redeems and a PIPE Investment of $230 million, NPA's current stockholders are expected to hold approximately 16% of SpaceMobile, or approximately 29% together with the PIPE investors — so even with zero redemptions the public side is a minority.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

Show the other 10 filings
  • 8-K10 August 20260001193125-26-342540opens on sec.gov in a new tab

    What changed: AST SpaceMobile (ASTS) reported Q2 2026 revenue of $31.5M and a net loss of $230.9M, with over $3.7B in pro forma cash as of June 30, 2026, bolstered by a $1.15B convertible notes offering in July 2026. The company now has 13 BlueBird satellites in orbit, a revenue backlog of ~$1.30B, and remains on track for $150M-$200M full-year 2026 revenue guidance. Why it matters: The filing confirms ASTS is scaling its constellation and monetizing both commercial and government contracts, with over $125M in new U.S. Government awards this quarter. The large cash position and low-dilution financing provide runway to continue production through BlueBird 46 and prepare for beta service in 2026.

  • 324 July 20260001493152-26-034477opens on sec.gov in a new tab
  • 8-K20 July 20260001493152-26-033912opens on sec.gov in a new tab

    What changed: AST SpaceMobile, Inc., the New Providence Acquisition Corp. successor, filed an 8-K attaching as Exhibit 4.1 an indenture dated as of July 20, 2026 between the company and U.S. Bank Trust Company, National Association as trustee, governing 1.625% Convertible Senior Notes due 2034. The indenture sets out the designation and amount of the notes, interest payment and defaulted amount mechanics, conversion and repurchase provisions, satisfaction and discharge, company covenants including Rule 144A information requirements, and events of default with acceleration and rescission terms. Why it matters: A new convertible issue is dilution deferred rather than avoided: holders of the 2034 notes convert into common stock if the shares appreciate, and the 1.625% coupon signals the conversion option, not the interest, is what investors are paying for. For a former NPA holder there is no trust or redemption right left, so the capital structure is the risk — the notes rank ahead of equity and carry standard acceleration on default. The principal amount and conversion price sit in the note terms rather than in this captured text.

  • 8-K15 July 20260001493152-26-033365opens on sec.gov in a new tab

    What changed: AST SpaceMobile, Inc., the New Providence Acquisition Corp. successor, announced on July 15, 2026 a proposed offering of convertible senior notes due 2034 to qualified institutional buyers under Rule 144A, together with an intention to enter capped call transactions. Supplementing prior disclosure, it reported a preliminary unaudited liquidity update: total cash, cash equivalents and restricted cash of approximately $2,723 million as of June 30, 2026. The estimate is subject to quarter-end closing procedures and has not been audited, reviewed or examined by any independent accountants. Why it matters: Roughly $2.7 billion of cash before the raise means this is opportunistic financing rather than a funding necessity, and the capped call is the tell: the company is paying to push the effective conversion price above the notes' stated strike, limiting how much stock ultimately gets issued. For a former NPA holder that mitigates but does not remove the dilution from the 2034 notes. The liquidity figure is a preliminary estimate ahead of the quarter close, so it may move when full results are published.

  • 4/A2 July 20260001493152-26-032000opens on sec.gov in a new tab
  • 423 June 20260001493152-26-029685opens on sec.gov in a new tab
  • SCHEDULE 13D/A23 June 20260001493152-26-029689opens on sec.gov in a new tab
  • 14422 June 20260001493152-26-029676opens on sec.gov in a new tab
  • 416 June 20260001493152-26-028952opens on sec.gov in a new tab
  • 416 June 20260001493152-26-028954opens on sec.gov in a new tab

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPOnot extracted from the prospectus

from 424B3 0001493152-24-028715

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Communications Services, NEC (4899)
Registered inDelaware
Exchange · CIKNasdaq · 0001780312

All filings on EDGARopens on sec.gov in a new tab

FormerlyAST SpaceMobile, Inc.

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

19 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

News

company wires and the financial press

Reporting we have matched to this ticker. Headlines belong to the outlets that wrote them.

Show the headlines

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

35 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail5 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

NPA — company record
UNIVERSE-IPO-INDEX2026-08-17

admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 4899 (Communications Services, NEC). The screen found it by filing SHAPE instead — S-1 2019-08-23 → 8-A12B 2019-09-10 → 424B4 2019-09-12 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 4899 + self-described blank check in 424B4 0001213900-19-017878; 424B 0001213900-19-017878 priced 2019-09-12 under S-1 0001213900-19-016623 (file 333-233449, an offering for cash); common ticker NPA off 10-K 0001213900-21-012253 (2021-03-01); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-233449, which belongs to S-1 0001213900-19-016623 (2019-08-23) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2019-09-12). Ending PROVEN, not inferred: CLOSED per 8-K 0001493152-21-008574 (2021-04-12) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,3.01,3.02,3.03,5.01,5.02,5.06,9.01). EDGAR now files this CIK as "AST SpaceMobile, Inc." — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SPONSOR-ID2026-08-14

sponsor "New Providence Management LLC" (SEC CIK 0001787573) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-19-017670.

Deal — AST SpaceMobile, Inc.
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001780312 records "New Providence Acquisition Corp." ending 2021-04-01; the registrant continues as "AST SpaceMobile, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-04-01. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=230, minCashM=250, terminationFeeM=200 from primary filings (0001213900-21-015188, 0001493152-25-001119).

PIPE2026-08-29

pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow

SEGMENT-FROM-FILING2026-08-10

OTHER -> DEFENSE_SPACE, on 8-K 0001193125-26-342540: "AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on "

Back to the screenerVault note