New Providence Acquisition Corp. II
NPABU
NASDAQ Global Market12.20
USD
+0.40
- -
CIK
0001837929
ISIN
US64823D2018
CUSIP
64823D201
Return %
Stock
S&P500
1Y
14.02
26.53
3Y
22.00
76.60
5Y
20.79
80.11
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
- Nov 5, 2021
- CIK
- 0001837929
- Website
- npa-corp.com
- Similar Companies
- Business
- New Providence Acquisition Corp. II is a consumer-focused special purpose acquisition company (SPAC) incorporated in 2020 and headquartered in Austin, Texas. The company specializes in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily targeting businesses in the broader consumer industry, aiming for an enterprise value exceeding $700 million. As a blank check company, New Providence Acquisition Corp. II does not have significant operations of its own but provides capital to facilitate strategic acquisitions or mergers in the consumer sector. The company's main activity involves raising capital through public offerings; it successfully completed a $225 million initial public offering and had later upsized to $250 million, directed towards future merger or acquisition transactions. Its management team, with extensive experience in consumer-related products and services industries, focuses on creating shareholder value through targeted acquisitions. Recent major developments include entering a non-binding letter of intent for a potential business combination in the consumer sector and extending deadlines for completing a business combination. However, as of late 2024, the company announced intentions to liquidate and redeem its outstanding public shares, signaling a significant operational decision. New Providence Acquisition Corp. II operates within the financial SPAC sector, serving primarily public market investors seeking exposure to consumer-related businesses through a merger or acquisition vehicle. It is incorporated in Delaware and traded on NASDAQ under the ticker NPABU. The company's strategic direction involves identifying and consummating business combinations with high-growth consumer enterprises across the United States and potentially broader markets. The firm is positioned to leverage its management’s expertise and capital resources to execute transactions in the consumer products and services industries but currently remains in transition following its liquidation announcement.
New Providence Acquisition Corp. II Announces Intention to Liquidate
New Providence Acquisition Corp. II Announces Adjournment of Special Meeting of Stockholders
New Providence Acquisition Corp. II Announces Entry into Non-Binding Letter of Intent For a Potential Business Combination