New Providence Acquisition Corp Announces Specific Conference to Approve Organization Combination with AST SpaceMobile and Stockholder Approval of Extension Proposal

Stockholder Vote Scheduled for April 1, 2021

New Providence Acquisition Corp. (“New Providence”) (NASDAQ: NPA, NPAUU and NPAWW) now announced that it has set April 1, 2021 as the date of its exclusive assembly of stockholders (the “Particular Conference”) to approve the previously announced business enterprise blend (the “Business enterprise Mixture”) with AST & Science, LLC (“AST SpaceMobile”).

Detect of the Unique Conference, alongside one another with the definitive proxy assertion relating to the Exclusive Assembly, is expected to be mailed on or about March 15, 2021, to stockholders of record as of the near of enterprise on March 1, 2021.

New Providence also introduced now that its stockholders permitted an extension of the day by which it has to total the Company Mix from March 15, 2021 to June 15, 2021.

On the closing of the Small business Mixture, AST SpaceMobile’s course A typical stock is predicted to be shown on NASDAQ under the new ticker image “ASTS.”

About New Providence Acquisition Corp.

New Providence Acquisition Corp. is a blank examine firm formed for the reason of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or comparable small business mix with just one or much more companies. In September 2019, New Providence Acquisition Corp. consummated a $230 million initial public featuring of 23 million units (reflecting the underwriters’ training of their in excess of-allotment choice in total), every single unit consisting of one particular of the Company’s Course A common shares and a single-half warrant, each full warrant enabling the holder thereof to buy a single Class A everyday share at a selling price of $11.50 for each share. New Providence’s securities are quoted on the Nasdaq stock trade underneath the ticker symbols NPA, NPAUU and NPAWW.

About AST SpaceMobile

AST SpaceMobile is developing the initial, and only, area-dependent mobile broadband community to work specifically with typical, unmodified mobile products based on its intensive IP and patent portfolio. AST SpaceMobile’s group of engineers and house experts are on a mission to eradicate the connectivity gaps confronted by today’s five billion cellular subscribers and finally carry broadband to the billions who remain unconnected. Comply with AST SpaceMobile on Twitter @AST_SpaceMobile and LinkedIn.

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Additional Information

NPA will file a definitive proxy assertion with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the proposed Small business Mixture, and will mail the definitive proxy assertion and other relevant documents to its stockholders. This interaction does not have all the information that should really be considered about the Small business Combination. It is not meant to deliver the foundation for any financial commitment selection or any other choice in regard to the proposed Business Combination. NPA’s stockholders and other interested individuals are encouraged to read through the definitive proxy statement in link with NPA’s solicitation of proxies for the Specific Meeting to be held to approve the Business Combination as these supplies will have essential information and facts about AST and NPA and the proposed the Organization Mixture. The definitive proxy statement will be mailed to the stockholders of NPA as of the file day proven for voting at the Specific Conference. This kind of stockholders will also be ready to get hold of copies of the proxy statement, without having demand, at the SEC’s web page at http://www.sec.gov.

Individuals in the Solicitation

NPA, New Providence Acquisition Administration LLC and their respective administrators, government officers, other associates of management, and workforce, beneath SEC guidelines, may perhaps be considered to be individuals in the solicitation of proxies of NPA’s stockholders in link with the Enterprise Mix. Traders and safety holders may well get a lot more in depth info concerning the names and pursuits in the Business enterprise Combination of NPA’s administrators and officers in NPA’s filings with the SEC, like NPA’s Once-a-year Report on Sort 10-K for the fiscal calendar year ended December 31, 2020, which was filed with the SEC on March 1, 2021, and these information and names of AST’s administrators and executive officers are in the proxy statement of NPA for the Organization Mix. Stockholders can get copies of NPA’s filings with the SEC, without the need of charge, at the SEC’s site at www.sec.gov.

AST and its administrators and executive officers could also be considered to be contributors in the solicitation of proxies from NPA’s stockholders in relationship with the Business enterprise Combination. A record of the names of these types of directors and government officers and info with regards to their pursuits in the Organization Combination are integrated in the definitive proxy statement for the Business Mixture when out there.

No Present or Solicitation

This communication is for informational uses only and is neither an offer you to purchase, nor a solicitation of an present to market, subscribe for or purchase any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Mixture or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of relevant regulation. No supply of securities shall be created besides by signifies of a prospectus meeting the necessities of Section 10 of the Securities Act of 1933, as amended, and in any other case in accordance with relevant legislation.

Ahead-Hunting Statements

This conversation involves “ahead-searching statements” that are not historical facts and contain dangers and uncertainties that could trigger genuine results to vary materially from these expected and projected. All statements, other than statements of historic reality contained in this interaction together with, without the need of limitation, statements relating to NPA’s economic situation, business enterprise method and the strategies and targets of administration for foreseeable future operations predicted monetary impacts of the Business enterprise Mix the satisfaction of the closing problems to the Organization Mix and the timing of the completion of the Small business Mix, are forward-hunting statements. Text this kind of as “be expecting,” “believe,” “anticipate,” “intend,” “estimate,” “request” and variations and identical phrases and expressions are intended to recognize such ahead-searching statements. These kinds of forward-hunting statements relate to long term functions or potential functionality, but reflect management’s present-day beliefs, dependent on info at present offered.

These forward-wanting statements include significant dangers and uncertainties that could lead to the true results to differ materially from the anticipated results. Most of these variables are outside NPA’s and AST’s command and are tough to predict. Things that might trigger this sort of differences consist of, but are not confined to: (i) the prevalence of any party, alter or other instances that could give increase to the termination of the Fairness Order Arrangement or could if not bring about the Business enterprise Combination to fall short to shut (ii) the end result of any legal proceedings that could be instituted against NPA and AST following the execution of the Equity Buy Arrangement and the Small business Blend (iii) any incapacity to finish the Business Mix, which include due to failure to get hold of approval of the stockholders of NPA or other disorders to closing in the Equity Order Arrangement (iv) the receipt of an unsolicited supply from yet another get together for an alternate organization transaction that could interfere with the Small business Mixture (v) the lack of ability to maintain the listing of the shares of widespread stock of the post-acquisition company on The Nasdaq Inventory Market place following the Business Combination (vi) the danger that the Small business Mix disrupts existing designs and functions as a result of the announcement and consummation of the Small business Blend (vii) the skill to recognize the expected positive aspects of the Business Blend, which may perhaps be influenced by, among the other things, competitiveness, the potential of the put together organization to expand and handle development profitably and keep its critical workers (viii) fees associated to the Business Mixture (ix) improvements in relevant guidelines or laws (x) the probability that AST or the merged business could be adversely afflicted by other economic, company, and/or aggressive variables and (xi) other threats and uncertainties indicated in the proxy assertion, such as those under the segment entitled “Risk Factors”, and in NPA’s other filings with the SEC.

NPA cautions that the foregoing record of components is not exceptional. NPA cautions viewers not to position undue reliance upon any ahead-wanting statements, which discuss only as of the date created. For details identifying critical aspects that could result in true final results to differ materially from these anticipated in the ahead-hunting statements, you should refer to the Risk Factors section of NPA’s Yearly Report on Variety 10-K submitted with the SEC. NPA’s securities filings can be accessed on the EDGAR portion of the SEC’s web site at www.sec.gov. Besides as expressly expected by applicable securities law, NPA disclaims any intention or obligation to update or revise any ahead-searching statements no matter if as a consequence of new info, upcoming occasions or in any other case.

Perspective resource variation on businesswire.com: https://www.businesswire.com/news/household/20210312005529/en/

Contacts

Michael Bowen
+1 (203) 682-8299