secwatch.observer — SEC 8-K summary
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Issuer:     New Providence Acquisition Corp. II (—)
CIK:        0001837929
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001213900-23-038170
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Providence II extends business combination deadline to May 2024; $205.5M in redemptions
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- Stockholders approved extension of deadline to May 9, 2024, and removed net tangible asset redemption limitation.
- Holders redeemed 19,732,125 Class A shares at ~$10.41/share, withdrawing ~$205.5M from trust.
- Sponsor forfeited 1,500,000 Class A & B shares for non-redemption on 5,000,000 shares; 3,000,000 Class B converted to Class A.
- After redemptions and conversions, Class A shares outstanding: 8,267,875; Class B: 3,250,000.
- Share transfer agreements executed with holders to secure non-redemption commitments for 5,000,000 shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1837929/000121390023038170/0001213900-23-038170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1837929/000121390023038170/ea178171-8k_newprovide2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-038170

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