New Providence Acquisition Corp. III Announces the Pricing of $261,000,000 Initial Public Offering

Company Overview - New Providence Acquisition Corp. III is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company aims to acquire and operate a business primarily in the consumer industry but is open to opportunities in any business or industry at any stage of corporate evolution [2] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 26,100,000 units, which are expected to be listed on Nasdaq under the ticker symbol "NPACU" starting April 24, 2025 [1] - Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant allowing the holder to purchase one Class A ordinary share at a price of $11.50 per share [1] - An amount equal to$10.05 per unit will be deposited into a trust account upon the closing of the offering, which is expected to close on April 25, 2024, subject to customary closing conditions [1] - The underwriters have been granted a 45-day option to purchase up to an additional 3,915,000 units at the initial public offering price to cover over-allotments [1] Management Team - The management team is led by Co-Chief Executive Officers Gary Smith and Alexander Coleman, along with Chief Financial Officer Leo Valentine [3] - The Board of Directors includes Rick Mazer, Daniel Ginsberg, Timothy Gannon, and Greg Stevens [3] Offering Process - The offering is being made only by means of a prospectus, which can be obtained from Cantor Fitzgerald & Co. [4] - A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (SEC) and became effective on April 23, 2025 [5]