New Providence Acquisition Corp. II
NPAB
NASDAQ Global Market10.90
USD
-0.40
- -
New Providence Acquisition Corp. II
NPAB
(NASDAQ Global Market)
Recent
price
10.90
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- 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