New Providence Acquisition Corp., a special purpose acquisition company, or SPAC, according to a statement Wednesday. New Providence Acquisition and AST SpaceMobile are preparing to complete their SPAC merger in Q1 2021. SPAC Profile. The benefits of life at Haven New Providence extend well beyond your apartment home with community amenities that amp up your enjoyment of each day. Share 0. A third SPAC-sponsored IPO is in the works. BTIG is the sole bookrunner on the deal. two years from now) or "approximately $1 billion" earnings before interest, taxes, depreciation, and amortization by 2024. AST is building the first space-based cellular broadband network accessible directly by standard mobile phones. Welcome to LoopNet.com! It is for the purpose of effecting a … Spacious & bright 1st floor office space in free standing building on highly traveled street in New Providence. A new vote will now be held on December 29. NPA is a consumer focused SPAC launched in September 2019. New Providence Acquisition Corp. (“NPA”, “We” or “Us”), a $230 million special purpose acquisition company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one … What "space assets," specifically, does it intend to "deploy", for example? 21 properties available, complete with high-quality building photos, pricing, and broker contact information. The merged entity will list on the Nasdaq under the symbol “ASTS”, the company said. The combined company will be valued at $1.4 billion including debt and is expected to close soon as the first quarter of this year. Envision all the possibilities that life at Haven New Providence presents. The New Providence, NJ office market can accommodate various businesses, sporting a range of office space availabilities. Additional Information NPA intends to file a preliminary proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the proposed Business Combination, NPA will mail the definitive proxy statement and other … New Providence Acquisition Corp pairs sky-high hopes with blue-sky promises -- and its stock is rocketing into orbit. New Providence Acquisition and AST SpaceMobile are preparing to complete their SPAC merger in Q1 2021. Widen the lens a bit, and you might also consider stocks such as satellite communications company Iridium or Earth-imaging company Maxar Technologies. AST & Science LLC to Become Public Company Through Combination with New Providence Acquisition Corp. (NASDAQ: NPA, NPAUU and NPAWW) AST & Science LLC ("AST SpaceMobile") is building the first and only space-based cellular broadband network accessible directly by standard mobile phones ; AST SpaceMobile to become publicly listed through a business combination with New Providence … View businesses, restaurants, and shopping in . The … Here are the new SPAC mergers that were announced last week. For that matter, who the heck is New Providence Acquisition Corp? AST is merging with New Providence Acquisition Corp., a special purpose acquisition company, or SPAC, according to a statement Wednesday. Stock Advisor launched in February of 2002. You’ll look forward to coming home, whether you plan to curl up on the sofa with a good book or have friends over for dinner … NPA stock was up 12% as of Thursday morning. Stand out as 1 of only three tenants in building. New Providence Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. New SPAC ETF: A new actively managed SPAC ETF was also launched with the SPAC and New Issues ETF (NYSE: SPCX) from Tuttle Tactical Management. 21 properties available, complete with high-quality building photos, pricing, and broker contact information. It claims that this will allow it to offer wireless coverage to customers without there being any gaps in the service. You and your pets can romp in the extensive landscaping and green space that gives the community its park-like setting. New Providence Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Sometime in the next three months, New Providence Acquisition Corp. will acquire and IPO AST SpaceMobile as a publicly traded stock. Among satellite companies, Maxar soared 20% to 46.56, a new 52-week high, Loral Space jumped 14%, Globalstar added 10%, Orbcomm rose 10%, ViaSat was up 9.35% and Iridium Communications climbed 8.7%. In September 2019, New Providence Acquisition Corp. Upon closing of the transaction, AST SpaceMobile will … Shares. New Providence Acquistion filed the transcript of a Q&A with Abel Avellan, CEO of AST SpaceMobile, which has a merger agreement with the SPAC. quotes delayed at least 15 minutes, all others at least 20 minutes. It intends to acquire business through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or business combination with one or more businesses. AST SpaceMobile, in partnership with Vodafone Group, today unveiled plans to launch the first phase of its space-based commercial mobile communications service in 2023. All rights reserved. Consumer industry focus. But that doesn't give SpaceMobile a whole lot of leeway to keep its promise of delivering "operating cash flow positive" numbers "in 2023" (i.e. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/npa-stock-10-things-to-know-about-new-providence-acquisition-and-the-ast-spacemobile-spac-merger/. New Providence Acquisition Corp. operates as a blank check company. The New Providence SPAC will take next-generation satellite broadband specialist AST & Science public through a deal that values the space company at $1.8 billion. 2021 InvestorPlace Media, LLC. There’s no direct news today that has NPA stock on the rise. In 2019, Virgin Galactic (NYSE:SPCE) became the first pure-play space company to IPO in years, and the first-ever human spaceflight company to IPO via "special purpose acquisition company" (SPAC). New Providence Acquisition raised $230 million from its initial public offering (IPO) back in 2019. 0. I wouldn't go quite that far. Our last SPAC writeup covered Silver Spike Acquisition Corp (NASDAQ: SSPK) which has the merger deadline on February 21, 2021. Returns as of 01/24/2021. The combined company … AUSTIN, Texas, Sept. 23, 2019 (GLOBE NEWSWIRE) -- New Providence Acquisition Corp. (“NPA”) (NASDAQ: NPAUU), a consumer-focused special purpose acquisition company ("SPAC… 1125 N. Charles St, Baltimore, MD 21201. The company’s goal when going public was to find a target for a SPAC merger. AST SpaceMobile predicts that, immediately upon going public as Nasdaq ticker symbol ASTS later this quarter, it will assume a "post-transaction enterprise value of $1.4 billion." A shareholder vote is expected in 2021, although a specific date is not cited in the preliminary proxy. That also includes Stable Road Acquisition (NASDAQ:SRAC), which is preparing for its SPAC merger with Momentus. 1125 N. Charles St, Baltimore, MD 21201. Get real time news for NASDAQ companies quoted on the stock market, press releases, financial disclosures and multimedia content, for investment community, individual investors and the general public. New Providence Files Prelim Proxy on AST SpaceMobile Deal. The article Consumer SPAC New Providence Acquisition files for a $200 million IPO originally appeared on IPO investment manager Renaissance Capital's web … Latest NPA New Providence Acquisition Corp News Live. This semiconductor and software company for the automotive industry is going public via SPAC Thunder Bridge Acquisition II (THBR) in a deal that values the company at about $1 billion. AST CEO Abel Avellan By Jarrett Banks AST SpaceMobile, which is developing a space-based cellular broadband network, is going public through a merger with New Providence Acquisition Corp., a SPAC. Shares. Midland, […] NPA Stock: 10 Things to Know About New Providence Acquisition and the AST SpaceMobile SPAC Merger, which is preparing for its SPAC merger with Momentus, upcoming SPAC merger with AST SpaceMobile, Louis Navellier and the InvestorPlace Research Staff, A Play on the Biggest Scientific Breakthrough of the Century, What Did the Stock Market Do? 1 minute read. New Providence is a borough on the northwestern edge of Union County, New Jersey, United States.It is located on the Passaic River, which forms the county boundary with Morris County bordering Chatham Township.As of the 2010 United States Census, the population was 12,171, reflecting an increase of 264 (+2.2%) from the 11,907 counted in the 2000 Census, which had … AST & Science LLC (AST SpaceMobile), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, has entered into a business combination agreement with New Providence Acquisition Corp., a publicly traded special purpose acquisition company. Furnished as shown in photos. New Providence Acquisition (NPA) stock is soaring higher on Thursday as the SPAC prepares for its merger with AST SpaceMobile. Search New Providence, NJ commercial real estate for lease or rent by space availability, square footage or lease rate. To keep its promises, just three short years after its IPO SpaceMobile has to go all the way from starting "phase one of the commercial launch of SpaceMobile's space assets" to generating cash and reporting profits -- which will be tough to do if assets won't even begin launching until a "few years" from now. New Providence Acquisition and AST SpaceMobile are preparing to complete their SPAC merger in Q1 2021. But NPA announced on Dec. 16 that it will use AST SpaceMobile (officially known as "AST & Science LLC") to create "the first and only space-based cellular broadband network accessible directly by standard mobile phones.". These investors will increase their equity in AST SpaceMobile via the PIPE. BTIG. Who will build these assets, when will they launch, and who will launch them? an ordinance of the borough of new providence, county of union, state of new jersey, amending chapter 70 of the code of the borough of new providence entitled “open space trust fund” to increase levy to .0090 cent per one hundred dollars of assessed value: 2020-04 AST & Science LLC to Become Public Company Through Combination with New Providence Acquisition Corp. … And as for when it will arrive, all management will say is that it will happen in "the next few years.". Photos of Haven New Providence Boutique Apartment Homes. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. 18 months . Up until about 2018, if you wanted to invest in space, you really only needed to know a few names: United Launch Alliance (the joint venture between Boeing and Lockheed Martin), Northrop Grumman (which became a space company by buying Orbital ATK), and rocket engine-maker Aerojet Rocketdyne were the big three names in space. RHEA-AI. NPA Stock: 10 Things to Know About New Providence Acquisition and the AST SpaceMobile SPAC Merger InvestorPlace 5 days ago Nikola Stock Has Too Much Further to Go to Be Worth Your Money Now The remaining $230 million is from private investment in public equity (PIPE). Personally, until I'm convinced there's a real product behind all the marketing hype, I'm going to stay very far away from this particular space IPO. New Providence Acquisition does not have significant operations. Search Trending Posts. AST SpaceMobile seeks to set up a new mobile network in space. Space currently has 3 private offices, reception area, kitchenette, and private bathroom. After 2018, though, the industry really began opening up. Search New Providence, NJ commercial real estate for lease or rent by space availability, square footage or lease rate. Reading Time: 2 minutes AST & Science LLC, the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, has announced that it has entered into a business combination agreement with New Providence Acquisition Corp., a publicly-traded special purpose acquisition company. The SPAC in a preliminary proxy filing today outlined terms of the $462 million deal. $232 million of this comes from cash held by New Providence Acquisition. Read reviews and get directions to where you want to go. NPA Stock: 10 Things to Know About New Providence Acquisition and the AST SpaceMobile SPAC Merger InvestorPlace 5 days ago Nikola Stock Has Too Much Further to … Our pet-friendly one and two bedroom apartments for rent in New Providence, New Jersey, are filled with charm and character. New Providence Acquisition was founded in 2019 and plans to list on the Nasdaq under the symbol NPAU. Stable Road Acquisition joins space names running higher as Ark Investment plans Space ETF Seeking Alpha Jan 14, 2021 10 of 2020's Most Fascinating SPAC … positive . The deal values the combined company at $1.4 billion and will provide it … That sounds like an incredible return for folks who own NPA, whose stock currently sells for less than $400 million -- about a 275% profit in under three months -- which explains why investors have bid NPA stock up 39% in the last two weeks, aiming to get in on the action. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. New Providence Acquisition (NPA) stock is soaring higher on Thursday as the SPAC prepares for its merger with AST SpaceMobile. Rome2rio is a door-to-door travel information and booking engine, helping you get to and from any location in the world. The average size of office space availabilities is 3,030 square feet. But Pounce on the Lucid Motors Merger, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, CCIV Stock: Comparing Lucid Motors to Tesla as ‘Merger Monday’ Hopes Soar, How the Internet Sent GameStop Stock Up 1,000% — And Where It’s Going Next. NPA, NPAWW. … Prospectus Link. Monitored security system available. Among satellite companies, Maxar soared 20% to 46.56, a new 52-week high, Loral Space jumped 14%, Globalstar added 10%, Orbcomm rose 10%, ViaSat was up 9.35% and Iridium Communications climbed 8.7%. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. New Providence Acquisition is a special purpose acquisition company (SPAC) that raised $230 million in its initial public offering in September 2019. The deal values the combined company at $1.4 billion and will provide it with $462 million in gross proceeds. Now that investors are up to date, let’s take a dive into New Providence Acquisition and its upcoming SPAC merger with AST SpaceMobile. View the following New Providence Office Space listings which have been recently Leased or taken Off-Market.You may broaden your search for historical New Providence Office Space by selecting the available options on the right. Find all the transport options for your trip from New York to New Providence right here. Sometime in the next three months, New Providence Acquisition Corp. (NASDAQ:NPA) will acquire and IPO AST SpaceMobile as a publicly traded stock. In September 2019, New Providence Acquisition Corp. consummated a $230 million initial public offering (the "IPO") of 23 million units (reflecting the … New SPAC ETF: A new actively managed SPAC ETF was also launched with the SPAC and New Issues ETF (NYSE: SPCX) from Tuttle Tactical Management. And yet, despite its big numbers, SpaceMobile's plan seems painfully short of specifics. A year later, 2020 brought rumors of an impending IPO by SpaceX's satellite internet subsidiary Starlink, and confirmed plans by the Stable Road (NASDAQ:SRAC) SPAC to bring space tug company Momentus public. New Providence Acquisition Corp. Cl A. Rome2rio makes travelling from New York to New Providence easy. Copyright © 2021 InvestorPlace Media, LLC. Villanova was back on the court for just the second time since Dec. 23 due to multiple COVID-19 stoppages. New Providence's securities are quoted on the Nasdaq stock exchange under the ticker symbols NPA, NPAUU and NPAWW. 0. According to the companies, SpaceMobile possesses "an extensive IP and patent portfolio" and aims to build a "game-changing space network for global mobile connectivity".