New Providence Acquisition Corp. III (NASDAQ:NPACU) announced the pricing of its $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NPACU”, Thursday, April 24, 2025.
The new SPAC aims to combine with a consumer target that has the potential to generate attractive risk-adjusted returns.
New Providence III’s management team is led by Co-Chief Executive Officer and Co-Chairman Alexander Coleman, Co-Chief Executive Officer and C0-Chairman Gary Smith and Chief Financial Officer Leo Valentine. The Board also includes Rick Mazer, Daniel Ginsberg, Timothy Gannon, and Greg Stevens.
Total SPAC deal count for 2025 year-to-date is now 25. This offering is expected to close on Friday, April 25, 2025.
Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. CBIZ CPAs, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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