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:   2025-05-01T23:59:59+00:00
Accession:  0001213900-25-038566
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2048948/000121390025038566/0001213900-25-038566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2048948/000121390025038566/ea0240290-8k_newpro3.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-038566

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