AST SpaceMobile completes Nasdaq listing

Thursday 8 April 2021 | 12:01 CET | News
AST SpaceMobile has completed its merger with New Providence Acquisition Corp, giving the company a public stock listing on the Nasdaq market. The company received USD 462 million in gross proceeds from the transaction, consisting of New Providence's USD 232 million cash and USD 230 million from a PIPE investment, including investments from Rakuten, Vodafone, American Tower and UBS O'Connor. The company had no debt on the balance sheet at closing.

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Categories: Mobile & Wireless
Companies: American Tower / AST SpaceMobile / Vodafone
Countries: World
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