New Providence Acquisition Corp. III Completes $300,150,000 Initial Public Offering

Group 1 - The Company, New Providence Acquisition Corp. III, closed its initial public offering (IPO) of 30,015,000 units, including 3,915,000 units from the underwriters' over-allotment option, resulting in gross proceeds of $300,150,000 [1][3] - The units began trading on April 24, 2025, on Nasdaq under the ticker symbol "NPACU," with each unit consisting of one Class A ordinary share and one-third of a redeemable warrant [2] - The Company is a blank check company formed to effect a merger or similar business combination, primarily seeking opportunities in the consumer industry but open to any business or industry [4] Group 2 - The management team includes Co-CEOs Gary Smith and Alexander Coleman, along with CFO Leo Valentine, and other board members [5] - A registration statement for the securities was declared effective by the SEC on April 23, 2024 [6]