New Providence Acquisition Corp. II
NPABW
NASDAQ Global Market0.04
USD
-0.01
- -
CIK
0001837929
ISIN
US64823D1101
CUSIP
64823D110
Return %
Stock
S&P500
1Y
-20.00
26.53
3Y
-92.73
76.60
5Y
-92.73
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
- 6500 Riverplace Boulevard Austin TX United States of America 78730
- CIK
- 0001837929
- Similar Companies
- Business
- New Providence Acquisition Corp. II is a special purpose acquisition company (SPAC) focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily within the consumer industry. The company was incorporated in 2020 and is headquartered in Austin, Texas. Its core business consists of identifying consumer market businesses with an enterprise value greater than $700 million for potential acquisition and combination, leveraging its management team's extensive experience in operating, investing, financial, and transactional domains. As a SPAC, New Providence Acquisition Corp. II does not have significant operations or direct product offerings itself but facilitates strategic mergers and acquisitions to build a consumer-focused business platform. In terms of recent major developments, the company announced intentions to liquidate and cease operations in November 2024, deciding to abandon its previously approved extension plans to complete a business combination. This liquidation involves redeeming public shares at approximately $10.89 per share, with warrants expected to expire worthless. Prior to this decision, the company had entered into a non-binding letter of intent for a potential business combination in May 2024 but ultimately did not complete such a transaction. The liquidation process is managed to maximize shareholder value amid operational wind-down. New Providence Acquisition Corp. II operates in the financial sector under the shell companies and SPAC industry segment. The entity aims at consumer industry targets predominantly within the United States. It trades on the NASDAQ exchange under the ticker symbol NPAB, reflecting its public listing status. The company has no reported subsidiaries or parent company affiliations and maintains a lean organizational structure focused on identifying, acquiring, and merging with suitable consumer industry businesses to create shareholder value. Overall, New Providence Acquisition Corp. II serves as a capital vehicle targeting consumer industry acquisitions. It recently pivoted to liquidation after not consummating a business combination, reflecting shifts common in the SPAC market cycle and its strategic reassessment of merger opportunities. Its foundational purpose and operational focus remain centered on transformative consumer market acquisitions executed through merger and reorganization structures. This description reflects the latest available information on company activities, structure, and recent changes as of late 2024 and early 2025.