New Providence Acquisition II registered to offer 20 million 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 III.
New Providence II 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 will serve as chairman of NPA III.
New Providence I entered a $462 million merger agreement with AST SpaceMobile in December.
The SPAC plans to list on the Nasdaq under NPABU. Read more.
