Abel Avellan Amends AST SpaceMobile Stake Filing

TL;DR

ABEL AVELLAN AMENDS AST SPACEMOBILE 13D FILING - OWNERSHIP INFO UPDATE

AI Summary

Abel Avellan, through a filing on October 15, 2024, amended his Schedule 13D for AST SpaceMobile, Inc. This amendment, designated as Amendment No. 10, indicates a change in reporting. Avellan's address is listed as Midland Intl. Air & Space Port in Midland, Texas.

Why It Matters

This filing updates the ownership information for a significant stakeholder in AST SpaceMobile, providing transparency on potential changes in control or investment strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often relate to significant ownership changes or potential activism, which can introduce volatility.

Key Players & Entities

• Abel Avellan (person) — Filing person and beneficial owner
• AST SpaceMobile, Inc. (company) — Subject company
• New Providence Acquisition Corp. (company) — Former company name

FAQ

Filing Documents

• formsc13da.htm (SC 13D/A) — 64KB
• 0001493152-24-041003.txt ( ) — 66KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 Amendment No. 10* AST SpaceMobile, Inc. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 00217D100 (CUSIP Number) Abel Avellan c/o AST SpaceMobile, Inc. Midland Intl. Air & Space Port 2901 Enterprise Lane Midland, Texas 79706 (432) 276-3966 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 10, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 00217D100 13D Page 2 of 5 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Abel Avellan 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) PF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION United NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 78,163,078 (1) 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 78,163,078 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 78,163,078 (1) (See Item 5) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 28.1% (2) 14. TYPE OF REPORTING PERSON (see instructions) IN CUSIP No. 00217D100 13D Page 3 of 5 Pages (1) Comprised of (i) 78,163,078 shares of Class A Common Stock of AST SpaceMobile, Inc. (the “Issuer”) that may be issued upon redemption by the Reporting Person of 78,163,078 common units (the “AST Common Units”) of AST & Science LLC (“AST”). In addition, the Reporting Person beneficially owns 78,163,078 shares of Class C Common Stock of the Issuer (the “Class C Common Stock”). Each share of Class A Common Stock carries one vote per share and each share of Class C Common Stock carries ten votes per share and no economic rights. From and after April 6, 2022, the Reporting Person may redeem or exchange one AST Common Unit for one share of Class A Common Stock or, under certain circumstances and at the election of the Issuer, a cash payment based on the value of Class A Common Stock. At the time of any redemption or exchange, the Reporting Person would forfeit an equivalent number of shares of Class C Common Stock to the Issuer. The Reporting Person did not redeem or exchange AST Common Units as of October 14, 2024. As discussed in Item 2 of this Schedule 13D, the other Stockholder Parties (as defined herein) are not included as reporting persons in this Schedule 13D, and the Reporting Persons expressly disclaim beneficial ownership of the shares of Class A Common Stock beneficially held by the other Stockholders Parties. (2) The percentage reported in this Schedule 13D are based upon approximately 277,733,940 shares of Class A Common Stock outstanding comprised of (i) 199,570,862 shares of Class A Common Stock outstanding as of October 10, 2024, and (ii) approximately 78,163,078 shares of Class A Common Stock issuable upon the redemption or exchange of the AST Common Units owned by the Reporting Person. This percentage does not represent the Reporting Person’s current voting interest in the Issuer, as the Reporting Person has a 78.8% voting interest in the Issuer by virtue of his ownership of all of the shares of Class C Common Stock of the Issuer. AMENDMENT NO. 10 TO SCHEDULE 13D This Amendment No. 10 to Schedule 13D (this “Amendment No. 9”) amends and supplements the initial Schedule 13D filed by Mr. Abel Avellan with the Securities and

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