secwatch.observer — SEC 8-K summary
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Issuer:     New Providence Acquisition Corp. III/Cayman (NPAC)
CIK:        0002048948
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001213900-25-035680
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC New Providence III closes $300.15M IPO; $301.65M placed in trust
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- Closed IPO of 30,015,000 units at $10.00 each, including full over-allotment exercise by underwriters.
- Each unit: one Class A share plus one-third redeemable warrant; warrants exercisable at $11.50 per share.
- Net proceeds of $301.65M deposited into trust account ($10.05 per unit).
- Management: Co-CEOs Alexander Coleman and Gary Smith; CFO Leo Valentine; board includes Rick Mazer, Daniel Ginsberg, Timothy Gannon, Greg Stevens.
- Private placement of 872,075 units at $10.00 each to sponsor and Cantor Fitzgerald.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2048948/000121390025035680/0001213900-25-035680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2048948/000121390025035680/ea0239499-8k_newpro3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-035680

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer