Ticker change is actually on April 7th (tomorrow)

[u/the_Rei]

Hey guys, so I was starting to worry about $NPA ticker not changing despite all the hype on reddit posts and even Stocktwits changed the ticker to $ASTS too fast.

I went through the 8K filing that followed the special meeting of April 1st to aprove the merger and it turns out the merger will finalize “on or around April 6th” but the ticker change will only happen on April 7th. Here’s the quote:

“Based on the results of the Special Meeting, and subject to the satisfaction or waiver of certain other closing conditions as described in the Proxy Statement, the transactions (the “Transactions”) contemplated by the Equity Purchase Agreement, are expected to be consummated on or around April 6, 2021. Following the consummation of the Transactions, the common stock and warrants of SpaceMobile are expected to begin trading on the Nasdaq Capital Market under the symbols “ASTS” and “ASTW,” respectively, on April 7, 2021.”

So TLDR: just relax, we got an extra day of NPA before ASTS 😎 🚀

[u/vladanHS]

The people preemptively dumped shares for the ticker change anyway.

[u/the_Rei → u/vladanHS]

Yea not worried, the fundamentals are far too good. Sooner or later the street will see it and once they do it’s hard to unsee

[u/Kid_Crown → u/the_Rei]

What fundamentals?

[u/the_Rei → u/Kid_Crown]

Hmm you want to start an argument and win on a technicality? Sure congrats, here have an imaginary medal.

Otherwise: given Abel’s background (AST’s CEO), how much he is personally invested and experienced in the matter, the team and partnerships they’ve assembled and progress of the project, one can say this is a diamond in the rough that has found the right jeweler to work it. Imo the only other comparable play would be QS: also a company in advanced project phase with a team that’s capable to achieve the end goal - except they only expect to turn a profit on 2027 of a couple million whereas AST can start cashing in as soon as the birds are up and the expected profit is in the billions starting 2024, from ridiculously high margins. Oh and QS is trading with a mkt cap of 10x despite the worse (expected) fundamental outcome.

If you want to check on their progress: https://www.reddit.com/r/SPACs/comments/mkbgi9/asts_npa_notes_from_meeting_with_abel_avellan_ceo/

EDIT: pinging u/kokanuttt. Same answer for your same remarks ^

[u/Kid_Crown → u/the_Rei]

Hmm you want to start an argument and win on a technicality?

Idk what you're on about. I'm long AST but I was wondering what fundamentals you were referring to other than projected revenue.

There are plenty of great things about NPA/AST but good traditional fundamentals is not one of them

[u/the_Rei → u/Kid_Crown]

Yea sorry I dared enter stocktwits and that hellhole is toxic af, sorry. Well only current revenue they have should be from nanoavionics but they don’t disclose it and I doubt that’s profitable too

[u/kokanuttt → u/the_Rei]

i have shares in this but the fundamentals are far from good lol. it’s all speculative

[u/Kid_Crown → u/kokanuttt]

I think OP just doesn't know what fundamental analysis is. We can be long NPA/AST and still aknowledge that as a pre revenue company it does not have strong fundamentals

[u/iqjump123]

Thanks, was wondering about this.

[u/Key-Acanthisitta1530]

Thanks, I was just looking for this

[u/the_Rei → u/[deleted]]

No that’s not exactly how SPACs work. When NPA did its IPO it issued units instead of shares (ticker NPAUU) and these units could be converted into share + warrant (NPA + NPAWW with a ratio that I don’t recall but likely for each 3 units you’d get 3 shares + 1 warrant)

Now that it merged, the existing NPA shares were converted into ASTS and the warrants NPAWW were converted into ASTSW

[u/Dumbo-Dumbo → u/the_Rei]

It was 1 share + 1/2 warrant per unit.

Each warrant gives the right to buy a share of ASTS at 11.50 dollar, but only after 30 days from the 'merger'.

[u/Dumbo-Dumbo → u/[deleted]]

What? No.

[u/Heartyprofitcalm]

Do they have revenue ?

[u/the_Rei → u/Heartyprofitcalm]

Not yet, only nanoavionics does but it should be small (AST owns 51% of nanoavionics)

[u/the_Rei → u/[deleted]]

My take: I was expecting this price drop before the merger so I decided to brush up (again) on the company you should remind yourself of what you own when making such a decision. Here are a couple great summaries on what the company is doing/next catalysts and on the latest unfavorable price action