---
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"
generated_at: "2026-06-08T21:12:27.280332+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# New Providence Acquisition Corp. III issues $1.5M promissory notes to co-CEOs for working capital

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-066354
- JSON: https://secwatch.observer/filing/0001213900-26-066354.json
- Plain text: https://secwatch.observer/filing/0001213900-26-066354.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: up to $1,500,000 aggregate
  - Counterparty: Gary Smith and Alexander Coleman
  - Rate: 0%
  - Maturity: earlier of initial business combination or liquidation
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2048948/000121390026066354/0001213900-26-066354-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.