New Providence Acquisition Corp. III (NPAC)

New Providence Acquisition Corp. III (NPAC) is a special purpose acquisition company, also called a blank-check company, and the third such vehicle associated with the New Providence sponsor team. It was formed to raise money through an initial public offering and use the proceeds to complete a merger or other business combination with an operating company.

Prior to completing a transaction, the company has no business operations, and the capital raised in its offering is held in a trust account. Its ordinary shares trade on the Nasdaq, and shareholders typically have the right to redeem shares for cash from the trust in connection with a proposed deal or if no deal is completed within the required period.