New Providence Acquisition III registered today with the SEC to offer 30 milliion units at $10 each.
The SPAC will target a business in the consumer industry, including companies that may have been in discussions with the sponsor’s NPA I and NPA II.
New Providence III is led by Chairman Alexander Coleman, who has 20 years of institutional private equity experience, focused predominantly on U.S. based middle-market companies operating in the food and beverage, information, satellite communications, and business services and specialized manufacturing markets. Coleman was most recently chairman of NPA I and serves as chairman of NPA II, which also filed today for an IPO.
New Providence I entered a $462 million merger agreement with AST SpaceMobile in December.
The SPAC intends to list on the Nasdaq under NPACU. Read more.
