New Providence Acquisition Corp. II
NPAB
NASDAQ Global Market10.90
USD
-0.40
- -
CIK
0001837929
ISIN
US64823D1028
CUSIP
64823D102
Return %
Stock
S&P500
1Y
2.06
18.21
3Y
14.14
64.38
5Y
14.14
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Gary P. Smith
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 10900 Research Boulevard Austin TX United States of America 78759
- IPO Date
- Dec 30, 2021
- CIK
- 0001837929
- Website
- npa-corp.com
- Similar Companies
- Business
- New Providence Acquisition Corp. II (Nasdaq: NPAB) operates as a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, targeting enterprises in the broader consumer industry with enterprise values exceeding $700 million; it currently conducts no significant operations and holds cash in trust pending such a transaction. Incorporated in Delaware in 2020 and headquartered in Austin, Texas, the company completed a $250 million initial public offering in November 2021, upsized to $301.7 million including overallotments, with separate trading of its Class A common stock and warrants commencing thereafter. In May 2024, it entered a non-binding letter of intent for a potential business combination with an undisclosed consumer sector target, but subsequently abandoned this and all merger pursuits; most recently, on November 8, 2024, its board elected to liquidate and wind down operations as soon as practicable, foregoing a stockholder-approved extension to November 2025, redeeming public shares at approximately $10.89 each via Continental Stock Transfer & Trust Company, allowing warrants to expire worthless, and reserving $100,000 for dissolution expenses.
New Providence Acquisition Corp. II Announces Intention to Liquidate