New Providence III closes IPO of 30.015M units at $10.00; $301.65M placed in trust

New Providence Acquisition Corp. III/Cayman

IPO of 30,015,000 units (incl. full over-allotment) grossed $300,150,000.
Private placement of 872,075 units at $10.00/unit grossed $8,720,750.
$301,650,750 deposited in trust account, representing $10.05 per unit.
Audited balance sheet as of Apr 25, 2025: total assets $303.1M, accumulated deficit $11.5M.
Company has 24 months from IPO closing to complete a business combination.

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