{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-066354","form_type":"8-K","ticker":"NPAC","cik":"0002048948","company_name":"New Providence Acquisition Corp. III/Cayman","filed_at":"2026-06-08T21:10:15+00:00","discovered_at":"2026-06-08T21:12:00.347616+00:00","generated_at":"2026-06-08T21:12:27.280332+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"New Providence Acquisition Corp. III issues $1.5M promissory notes to co-CEOs for working capital","bullets":["Issued two unsecured promissory notes totaling $1.5M ($750k each) to co-CEOs Gary Smith and Alexander Coleman.","Notes bear no interest, mature upon earlier of business combination or liquidation.","Lenders may convert outstanding principal into units at $10/unit, identical to private placement units from IPO.","Sponsor previously advanced $200k, payable on demand.","Proceeds used for working capital needs."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-066354","json":"https://secwatch.observer/filing/0001213900-26-066354.json","markdown":"https://secwatch.observer/filing/0001213900-26-066354.md","text":"https://secwatch.observer/filing/0001213900-26-066354.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2048948/000121390026066354/0001213900-26-066354-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2048948/000121390026066354/ea0293890-8k_newpro3.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:12:27.280332+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":"2af80d6c5777dfa973299006a4582fab1b7bf1ff","claim":"New Providence Acquisition Corp. III/Cayman incurred convertible notes of up to $1,500,000 aggregate with Gary Smith and Alexander Coleman at 0% maturing earlier of initial business combination or liquidation.","evidence_excerpt":"On June 8, 2026, New Providence Acquisition Corp. III (the “ Company ”) issued unsecured promissory notes (the “ Notes ”), each in the aggregate principal amount of up to $750,000 to (i) Gary Smith and (ii) Alexander Coleman, the company’s co-Chief Executive Officers (the “ Lenders ”), for the Company’s working capital needs, for a total aggregate principal amount of $1,500,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2048948/000121390026066354/0001213900-26-066354-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"up to $1,500,000 aggregate"},{"label":"Counterparty","value":"Gary Smith and Alexander Coleman"},{"label":"Rate","value":"0%"},{"label":"Maturity","value":"earlier of initial business combination or liquidation"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}