Deals
Satellite Firm AST Is Going Public in Blank-Check Deal
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AST & Science, which is developing a space-based cellular broadband network, is going public through a merger with a blank-check company.
AST is merging with New Providence Acquisition Corp., a special purpose acquisition company, or SPAC, according to a statement Wednesday. The combined company will be valued at $1.4 billion including debt. The deal is expected to close soon as the first quarter of 2021.