New Providence Acquisition Corp.

closedU=S+W/2W=S@11.50
ASTSSEC EDGARCIK: 0001780312|New Providence Management LLC•Satellite Communications

Capital Structure & Economics

Trust Size$200,000,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

50% Warrant Inclusion
Public Trust Allocation$200,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedAug 23, 2019
Target AnnouncedDec 15, 2020
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyAST
  • SectorSatellite Communications
  • Announcement Date2020-12-15

Board & Officers

Advanced Structuring Terms

Target SectorsSatellite Communications

Syndicate & Advisors

  • B. Riley Principal Capital, LLCLEAD
  • BTIG, LLC
    LEAD

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction