{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-027989","form_type":"8-K","ticker":"NPAC","cik":"0002048948","company_name":"New Providence Acquisition Corp. III/Cayman","filed_at":"2026-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.114875+00:00","generated_at":"2026-05-15T12:01:18.370037+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"New Providence SPAC to merge with Abra Financial at $750M equity value","bullets":["All-stock deal: Abra holders get ~$750M / redemption-price in SPAC shares; CEO William Barhydt to lead combined company.","SPAC must raise at least $150M in transaction financing prior to close; net cash proceeds condition of $40M.","18-month lock-up for certain Abra stockholders; early release if SPAC stock >$12.50 VWAP for 10 of 20 days.","Termination date: October 15, 2026; customary conditions include antitrust, regulatory approvals and Nasdaq listing.","Board set at 7 members: 1 from SPAC, 3 from Abra, CEO, plus 2 independent fintech experts mutually agreed."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-027989","json":"https://secwatch.observer/filing/0001213900-26-027989.json","markdown":"https://secwatch.observer/filing/0001213900-26-027989.md","text":"https://secwatch.observer/filing/0001213900-26-027989.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2048948/000121390026027989/0001213900-26-027989-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2048948/000121390026027989/ea0280339-8k425_newpro3.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T12:01:18.370037+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"655abf2e91eb51321b5e78dae64c8df989e208dc","claim":"New Providence Acquisition Corp. III/Cayman entered into Business Combination Agreement with Abra Financial Holdings, Inc. valued at $750,000,000 (Merger Consideration) (effective 2026-03-16).","evidence_excerpt":"On March 16, 2026, New Providence Acquisition Corp. III, a Cayman Islands exempted company (\" SPAC \"), entered into a Business Combination Agreement (the \" Business Combination Agreement \") with Abra Financial Holdings, Inc., a Delaware corporation (together with its successors, \" Abra \" or the \" Company \"), and Aether Merger Sub I, Corp., a Delaware corporation and a wholly-owned subsidiary of SPAC (\" Merger Sub \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2048948/000121390026027989/0001213900-26-027989-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Abra Financial Holdings, Inc."},{"label":"Value","value":"$750,000,000 (Merger Consideration)"},{"label":"Effective","value":"2026-03-16"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}