Have you been considering investing in AST SpaceMobile stock and other SPAC stocks? Watch my video first.
AST SpaceMobile is a company with a vision to bring 4g and 5g internet access from space to everyone on the planet with a smartphone. It’s in the process of merging with a SPAC (special purpose acquisition company) called New Providence Acquisition Corp (NASDAQ: NPA).
The transaction is expected to close in the first quarter of 2021. Once the business combination is completed, the new ticker symbol on the NASDAQ will be ASTS.
In this video, I cover:
- What Is AST SpaceMobile? Brief Overview of the Company
- The Bull Case for AST SpaceMobile Stock
- The Bear Case for AST SpaceMobile Stock
- Do I Plan to Invest in AST SpaceMobile?
DISCLAIMER: I'm not a financial advisor. These are my opinions and provided "as-is". It is not an offer to buy or sell securities. Read the Terms and Conditions.
So what do you think about AST SpaceMobile and other SPAC mergers? Leave me a comment below. Thanks for watching.
Disclosure
I/we have positions in NPA, NPAWW
Except for Wolves of Investing, I/we are not receiving any compensation from and do not have any business dealings with any companies whose stocks are discussed in this article/video.
Want to learn the principles that help me to consistently beat the market? Check out my free eBook, 5 Things I Wish I Knew Before Buying My First Stock.
Donnie Nguyen
Donnie Nguyen is the founder and CEO of Wolves of Investing. He started investing in the stock market in the early 2000s. He follows the teachings of Peter Lynch, Warren Buffett, and other investing legends. When he's not investing or blogging, he loves spending time with his family traveling and experiencing the world.
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What did you mean at the end by “Warrants early redemption”?
Most SPACs have an early redemption clause that allows them to redeem the warrants well before 5 years. In general, if the warrant is exercisable and the stock has been trading at or over $18 for 20 out of 30 trading days, then the company can, and usually will redeem the warrants early with a 30-day written notice. After 30-days, the warrant expires pretty much worthless. In many cases, it’s stated as $0.01 per warrant. Here’s an example when Virgin Galactic redeemed their warrants early:
https://investors.virgingalactic.com/news/news-details/2020/Virgin-Galactic-Announces-Redemption-of-Public-Warrants/default.aspx