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You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of New Providence Acquisition Corp. (“New Providence” or the “Company”) (NASDAQ: NPA) with AST & Science LLC. Upon completion of the transaction AST SpaceMobile will become a publicly traded company, and it is expected that its common stock will be listed on the NASDAQ exchange under the symbol “ASTS” upon closing the transaction. The public stockholders of New Providence will own 13% of post-close AST.
The New Providence merger investigation concerns whether the Board of New Providence has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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