NPAC
New Providence Acquisition Corp. III10.28
+0.03+0.29%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
394.66MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
New Providence Acquisition Corp. III posted Q3 net income of $3.0M for the quarter ended September 30, 2025, driven by $3.2M interest on Trust Account marketable securities offsetting $181K general and administrative costs; nine-month net income hit $5.0M on $5.4M interest versus $397K costs. Trust swelled to $307M at $10.23 per redeemable share, with $918K cash outside and $13M deferred underwriting fee due post-deal. No revenue yet. Solid trust yields shine. Still hunting targets. Liquidation looms if no deal by April 2027.
10-Q
Q2 FY2025 results
New Providence Acquisition Corp. III posted a net income of $2.1M for Q2 FY2025 ended June 30, 2025, driven by $2.2M in interest from its Trust Account, offsetting $156K in administrative costs—its first full quarter post-IPO. For the half-year, net income hit $2.0M on the same interest haul against $217K expenses, with diluted EPS steady at $0.07 for redeemable shares and $0.11 YTD, reconciled to weighted averages without dilution from warrants. Cash outside the Trust stands at $1.1M, supporting target hunts, while $304M sits secure in the Trust at $10.12 per share; no debt burdens the balance sheet. The April 2025 IPO closed with $300M gross proceeds, fully exercising the over-allotment for 30M units. Yet the real pressure builds: nailing a business combination by April 2027, or face Nasdaq delisting.
8-K
Units separate for trading
New Providence Acquisition Corp. III announced on June 11, 2025, that unit holders can separate and trade Class A ordinary shares and warrants starting June 16, 2025. Unseparated units remain under NPACU, while shares and whole warrants trade as NPAC and NPACW on Nasdaq. This boosts liquidity for investors in the blank-check firm eyeing consumer deals. Forward-looking statements highlight risks from SEC filings.
10-Q
Q1 FY2025 results
New Providence Acquisition Corp. III posted a $60,685 net loss for Q1 FY2025 ended March 31, 2025, driven by general and administrative costs, with no revenue as a blank check company pre-business combination. The operating loss matched the net loss exactly, reflecting no material non-operating items. Cash stayed flat at zero, offset by $29,067 in operating outflows and matching financing inflows from a related-party promissory note that later reached $239,287. Post-quarter, the April 25, 2025 IPO raised $300.15M in gross proceeds, placing $301.65M into trust at $10.05 per unit, while repaying the note in full. No non-GAAP metrics disclosed in the 10-Q. Sponsor provides $20,000 monthly admin support. Yet failure to complete a business combination within 24 months risks full redemption.
8-K
IPO closes with $301M trust
New Providence Acquisition Corp. III closed its IPO on April 25, 2025, selling 30,015,000 units at $10.00 each for $300.15 million in gross proceeds, including the full underwriter over-allotment. A simultaneous private placement added $8.72 million from 872,075 units to sponsor and underwriter, funneling $301.65 million into a trust at $10.05 per unit. This equips the blank-check firm to hunt a business combination within 24 months. Yet failure risks full redemption.
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