New Providence Acquisition Corp. III Units Stock Price: Quote, Forecast, Splits & News (NPACU)

Investor Demand Surges as New Providence Acquisition Corp. III Closes $300M IPO

May 8, 2025

New Providence Acquisition Corp. III finalized its initial public offering, raising $300.15 million after fully exercising the underwriters’ over-allotment option. The SPAC sold 30,015,000 units at $10 each, with $301.65 million placed in trust. The company targets acquisitions in the consumer sector but retains broad flexibility for deals.

SPAC Market Sees Momentum with New Providence III’s Successful Nasdaq Debut

May 10, 2025

New Providence Acquisition Corp. III began trading on Nasdaq under the symbol NPACU after pricing its IPO at $10 per unit. Each unit includes a Class A share and a third of a redeemable warrant. The trust account holds $10.05 per unit, offering investors a slight premium and financial security while management seeks acquisition targets.

Management Team Eyes Consumer Sector Following Oversubscribed Offering

May 8, 2025

Led by co-CEOs Gary Smith and Alexander Coleman, New Providence Acquisition Corp. III’s IPO drew strong investor interest, as shown by the full exercise of the over-allotment option. The SPAC, with $301.65 million in trust, will focus on consumer industry mergers but maintains the option to explore other sectors.

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