NPA - New Providence Acquisition soars after Citron calls it the space SPAC to own

New Providence Acquisition Corp. ([[NPA]] +19.9%) spikes after Citron Research posts positive comments on Twitter ahead of a detailed report on the company. "Most compelling Space/5G/ESG story in the market. All SPACS are speculative so why not go with one with a $1 trillion TAM that has the potential to change the world with real partnerships. The most important Space story in the market," tweets the firm. The company is merging with AST & Science, which is developing a space-based cellular broadband network. Citron called out a price target of $50 on NPA. Shares have traded as high as $24.94 during today's session.

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New Providence Acquisition soars after Citron calls it the space SPAC to own