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New Providence Acquisition Corp. III

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uuid00q1rpd

Namestring
New Providence Acquisition Corp. III
Legal namestring
New Providence Corp
Websiteurl
newprovidencecorp.com
Company typeenum
Public
Founded yearint
2019
Descriptiontext

New Providence Acquisition Corp. III (Nasdaq: NPAC) is a Special Purpose Acquisition Company (SPAC) and the third vehicle in a serial sponsor program operated by New Providence Corp, with UBS O'Connor as part of the management company. Incorporated in Delaware with offices in New York, Dallas, and Palm Beach, NPAC's only asset is cash held in trust, raised through its SPAC IPO with the purpose of identifying and merging with a private company to take it public. The SPAC's stated mandate targets consumer-industry companies with accomplished management teams, high-quality products, defensible market positions, and above-market growth potential in large addressable markets, with the stated differentiator being certainty of closing, shorter timeframes (as short as 90 days), and institutional validation versus a traditional IPO.

On March 16, 2026, NPAC announced a definitive Business Combination Agreement with Abra Financial Holdings, Inc., valuing Abra at $750 million pre-money equity. The deal will be effected through Aether Merger Sub I, Corp., with the combined entity expected to list on Nasdaq under ticker ABRX and operate as a digital asset wealth management platform offering custody, yield strategies, crypto-backed loans, and trading, with stated plans to expand into tokenized assets and DeFi services. Existing Abra investors — Pantera Capital, Blockchain Capital, RRE Ventures, Adams Street, and SBI — are rolling equity into the combined entity rather than cashing out, and are expected to hold a majority of post-close shares.

NPAC's business model is structural rather than operational: it generates no revenue prior to closing, derives its economics from sponsor promote and any retained equity in the combined company, and dissolves if the deal fails or shareholders redeem. The platform's value proposition to target companies is access to public markets with pricing certainty and faster execution than a traditional IPO, backed by a repeat-sponsor team (SPAC I successfully closed with AST SpaceMobile under ticker ASTS) and UBS O'Connor's institutional credibility.

Short descriptiontext

New Providence Acquisition Corp. III (Nasdaq: NPAC) is a consumer-focused Special Purpose Acquisition Company and the third SPAC sponsored by New Providence Corp with UBS O'Connor backing, currently announced to merge with Abra Financial Holdings at a $750 million pre-money valuation to list as ABRX on Nasdaq.

Operating statusenum
Ipo
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersPalm Beach, United States
HQ citystring
Palm Beach
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
SPAC acquisition vehicle, blank check company, consumer sector focus, IPO alternative, public market listing
Industry1 code
1Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory)
CodeBPAHAOALPrimaryYes
NAICS code2 codes
  • Miscellaneous Intermediation52391
  • Miscellaneous Intermediation523910
SIC code1 code
  • Security Brokers, Dealers & Flotation Companies6211
Product category
Special Purpose Acquisition Company (SPAC)
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1SPAC Trust Account Returns
TypeTransaction Fee
Description

SPAC raises capital through IPO, holds cash in trust, and generates returns through business combination with target company. The trust account proceeds are used to acquire the partner company, with PIPE and other equity-linked financing used to increase capital at closing.

newprovidencecorp.com
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Operations, Marketing or Sales, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

New Providence Acquisition Corp. III is a publicly traded Special Purpose Acquisition Company (SPAC) that functions as a blank-check vehicle holding cash in trust to merge with and take private companies public. The SPAC focuses on consumer-sector targets with accomplished management teams, high-quality products, defensible market positions, and large addressable markets, offering partner companies certainty of closing and shorter timeframes compared to traditional IPOs.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Timeline as short as 90 days for SPAC transaction completion
+1 more record
Product overview1 text field

New Providence Acquisition Corp. III is a single-purpose SPAC vehicle (not a platform product) focused on the consumer sector. The SPAC operates as a publicly traded acquisition shell company with cash held in trust, structured to merge with target private companies seeking a public listing. As a SPAC, it does not offer multiple integrated products but rather functions as a single financial instrument enabling private companies to go public via a merger transaction with guaranteed closing certainty.

Product and service1 record
1New Providence Acquisition Corp. III (NPAC) SPAC Vehicle
CategorySpecial Purpose Acquisition Company (SPAC)
Description

New Providence Acquisition Corp. III is a publicly traded Special Purpose Acquisition Company (SPAC) functioning as a blank-check acquisition vehicle. It holds cash in trust and merges with private companies to provide a guaranteed-closing public listing alternative to traditional IPOs, targeting consumer-sector companies with accomplished management teams, high-quality products, and large addressable markets.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat4 records

Each record includes

Type, Details

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

New Providence Acquisition Corp. III

Special Purpose Acquisition Company (SPAC)newprovidencecorp.com

New Providence Acquisition Corp. III (Nasdaq: NPAC) is a consumer-focused Special Purpose Acquisition Company and the third SPAC sponsored by New Providence Corp with UBS O'Connor backing, currently announced to merge with Abra Financial Holdings at a $750 million pre-money valuation to list as ABRX on Nasdaq.

What New Providence Acquisition Corp. III does

New Providence Acquisition Corp. III (Nasdaq: NPAC) is a Special Purpose Acquisition Company (SPAC) and the third vehicle in a serial sponsor program operated by New Providence Corp, with UBS O'Connor as part of the management company. Incorporated in Delaware with offices in New York, Dallas, and Palm Beach, NPAC's only asset is cash held in trust, raised through its SPAC IPO with the purpose of identifying and merging with a private company to take it public. The SPAC's stated mandate targets consumer-industry companies with accomplished management teams, high-quality products, defensible market positions, and above-market growth potential in large addressable markets, with the stated differentiator being certainty of closing, shorter timeframes (as short as 90 days), and institutional validation versus a traditional IPO.

On March 16, 2026, NPAC announced a definitive Business Combination Agreement with Abra Financial Holdings, Inc., valuing Abra at $750 million pre-money equity. The deal will be effected through Aether Merger Sub I, Corp., with the combined entity expected to list on Nasdaq under ticker ABRX and operate as a digital asset wealth management platform offering custody, yield strategies, crypto-backed loans, and trading, with stated plans to expand into tokenized assets and DeFi services. Existing Abra investors — Pantera Capital, Blockchain Capital, RRE Ventures, Adams Street, and SBI — are rolling equity into the combined entity rather than cashing out, and are expected to hold a majority of post-close shares.

NPAC's business model is structural rather than operational: it generates no revenue prior to closing, derives its economics from sponsor promote and any retained equity in the combined company, and dissolves if the deal fails or shareholders redeem. The platform's value proposition to target companies is access to public markets with pricing certainty and faster execution than a traditional IPO, backed by a repeat-sponsor team (SPAC I successfully closed with AST SpaceMobile under ticker ASTS) and UBS O'Connor's institutional credibility.

New Providence Acquisition Corp. III firmographics

Firmographics
Name
New Providence Acquisition Corp. III
Legal name
New Providence Corp
Website
https://newprovidencecorp.com
Company type
Public
Founded year
2019
Operating status
Ipo
Headcount range
11–50 employees
Short description
New Providence Acquisition Corp. III (Nasdaq: NPAC) is a consumer-focused Special Purpose Acquisition Company and the third SPAC sponsored by New Providence Corp with UBS O'Connor backing, currently announced to merge with Abra Financial Holdings at a $750 million pre-money valuation to list as ABRX on Nasdaq.
Ownership category
akta.pro rank

New Providence Acquisition Corp. III industry classification

Industry
Product category
Special Purpose Acquisition Company (SPAC)
NAICS
Miscellaneous Intermediation (52391), Miscellaneous Intermediation (523910)
SIC
Security Brokers, Dealers & Flotation Companies (6211)
akta.pro primary industry
Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

  • SPAC acquisition vehicle
  • Blank check company
  • Consumer sector focus
  • IPO alternative
  • Public market listing

Where New Providence Acquisition Corp. III is headquartered

Location

Headquarters

HQ city
Palm Beach
HQ country
United States
HQ region
North America

Offices3 records

Markets served

New Providence Acquisition Corp. III business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Others

Revenue model

  1. SPAC Trust Account Returns: SPAC raises capital through IPO, holds cash in trust, and generates returns through business combination with target company. The trust account proceeds are used to acquire the partner company, with PIPE and other equity-linked financing used to increase capital at closing.

Go-to-market motion1 record

Distribution channels1 record

New Providence Acquisition Corp. III product offering

Product offering

Core offering

New Providence Acquisition Corp. III is a publicly traded Special Purpose Acquisition Company (SPAC) that functions as a blank-check vehicle holding cash in trust to merge with and take private companies public. The SPAC focuses on consumer-sector targets with accomplished management teams, high-quality products, defensible market positions, and large addressable markets, offering partner companies certainty of closing and shorter timeframes compared to traditional IPOs.

Product overview

New Providence Acquisition Corp. III is a single-purpose SPAC vehicle (not a platform product) focused on the consumer sector. The SPAC operates as a publicly traded acquisition shell company with cash held in trust, structured to merge with target private companies seeking a public listing. As a SPAC, it does not offer multiple integrated products but rather functions as a single financial instrument enabling private companies to go public via a merger transaction with guaranteed closing certainty.

Differentiator

Problem solved

Functional benefit

Products and services

  • New Providence Acquisition Corp. III (NPAC) SPAC Vehicle New Providence Acquisition Corp. III is a publicly traded Special Purpose Acquisition Company (SPAC) functioning as a blank-check acquisition vehicle. It holds cash in trust and merges with private companies to provide a guaranteed-closing public listing alternative to traditional IPOs, targeting consumer-sector companies with accomplished management teams, high-quality products, and large addressable markets.

Quantifiable outcome

  • Timeline as short as 90 days for SPAC transaction completion
  • +1 more outcomes

Companies that use New Providence Acquisition Corp. III

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles1 record

New Providence Acquisition Corp. III technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

New Providence Acquisition Corp. III partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

New Providence Acquisition Corp. III competitors and assessment

Company assessment

Market position

Competitive moat4 records

Key highlights6 records

Customer concentration

New Providence Acquisition Corp. III social profiles

Digital presence

New Providence Acquisition Corp. III financial estimates

Financial estimate

Revenue estimate

Valuation estimate

New Providence Acquisition Corp. III leadership team

Management profile

Number of profiles

New Providence Acquisition Corp. III funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

New Providence Acquisition Corp. III M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Providence Acquisition Corp. III

What does New Providence Acquisition Corp. III do?

New Providence Acquisition Corp. III is a publicly traded Special Purpose Acquisition Company (SPAC) that functions as a blank-check vehicle holding cash in trust to merge with and take private companies public. The SPAC focuses on consumer-sector targets with accomplished management teams, high-quality products, defensible market positions, and large addressable markets, offering partner companies certainty of closing and shorter timeframes compared to traditional IPOs.

Is New Providence Acquisition Corp. III a public or private company?

New Providence Acquisition Corp. III is a public company. It is classified as public and is currently ipo.

When was New Providence Acquisition Corp. III founded?

New Providence Acquisition Corp. III was founded in 2019. It employs 11 to 50 people.

Where is New Providence Acquisition Corp. III based?

New Providence Acquisition Corp. III is headquartered in Palm Beach, United States, in the North America region.

How does New Providence Acquisition Corp. III make money?

One revenue line is on record: SPAC Trust Account Returns.

Does New Providence Acquisition Corp. III have an API?

No public API is recorded for New Providence Acquisition Corp. III.

What industry is New Providence Acquisition Corp. III in?

New Providence Acquisition Corp. III's product category is Special Purpose Acquisition Company (SPAC). Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory). Its NAICS code is 52391 and its SIC code is 6211.

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Live signals
CoinMarketCapAbra Targets Nasdaq Listing in $750M SPAC DealAbra Financial Holdings signed a merger agreement with New Providence Acquisition Corp. III to list on Nasdaq under ticker ABRX, with a pre-money valuation of $750 million. The trust holds up to $300 million in cash, and existing investors will roll in 100% of their stakes. Abra targets over $10 billion in assets under management by end of 2027.Stocktwits‘AI Is Never Going To Be Dumber Than It Is Now’: Crypto Veteran Sees Bitcoin As Future AI CollateralABRA CEO Bill Barhydt argues that Bitcoin will serve as the primary collateral for AI agents rather than just an investment, predicting it could eventually displace Treasury bonds. He forecasts a short-term price retest near $85,000 followed by a move toward $100,000, attributing recent market movements to US Treasury policy changes. The article also notes ABRA's pending merger with New Providence Acquisition Corp. III to list on Nasdaq.CoinTelegraphCrypto Biz: Institutions Expect Digital Asset Prices to Rebound in 2026A January survey by Coinbase and EY-Parthenon of 351 institutional investors found that 73% plan to increase their digital asset allocations this year despite a 40% crypto market sell-off since October, with 74% expecting prices to rise over the next 12 months. SBI VC Trade is launching a retail USDC lending service in Japan following recent regulatory changes that allow licensed companies to handle foreign stablecoins, marking one of the first retail-facing products of its kind in the country. Crypto wealth manager Abra is pursuing a public listing via a SPAC merger with New Providence Acquisition Corp. at an estimated combined entity value of $750 million, while tokenization platform Theo unveiled a $100 million gold-linked yield-bearing stablecoin vault.Pulse 2.0Abra: Crypto Wealth Management Platform To Go Public Via SPAC Merger With New Providence Acquisition Corp. IIIAbra Financial Holdings announced plans to become a publicly traded company through a business combination with SPAC New Providence Acquisition Corp. III, valuing the crypto-native wealth management platform at a $750 million pre-money equity valuation and potentially delivering up to $300 million in cash from the SPAC's trust account. The combined company is expected to trade on Nasdaq under the ticker symbol ABRX, with existing shareholders rolling 100% of their equity interests into the public entity. Abra, founded in 2014 and headquartered in San Francisco, currently manages hundreds of millions in assets under management and is targeting more than $10 billion in AUM by the end of 2027 as it expands into DeFi and tokenized real-world assets.YellowYellow.comAbra, a digital asset wealth management platform, announced a SPAC merger with New Providence Acquisition Corp. III for a $750 million Nasdaq listing. The combined entity, Abra Financial, will trade under ABRX, with proceeds funding working capital and growth. Abra targets over $10 billion in assets under management by 2027.citybizAbra Financial Holdings to Go Public via Merger with New Providence Acquisition Corp. IIIAbra Financial Holdings and New Providence Acquisition Corp. III announced a definitive merger agreement to take Abra public. The combined company will list on Nasdaq under 'ABRX' with a $750 million pre-money equity value. Abra targets over $10 billion in assets under management by 2027.Business Wire BlogAbra, a Digital Asset Wealth Management Platform, to Become a Public Company via Business Combination With New Providence Acquisition Corp. IIIAbra Financial Holdings, a digital asset wealth management platform, has entered into a definitive business combination agreement with New Providence Acquisition Corp. III, a special purpose acquisition company (SPAC), to become a publicly traded company listed on Nasdaq under the ticker symbol ABRX. The transaction values Abra at a $750 million pre-money equity value, with existing stockholders including Adams Street, Blockchain Capital, Pantera Capital, RRE Ventures, and SBI rolling 100% of their interests into the combined entity, and New Providence providing up to $300 million in cash held in trust to fund growth. The combined company will serve high net-worth, institutional, fund, and RIA clients in the $100 trillion wealth management industry, targeting over $10 billion in assets under management by the end of 2027.GlobeNewswireNew Providence Acquisition Corp. III Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 16, 2025New Providence Acquisition Corp. III announced that, starting June 16, 2025, holders of its IPO units may elect to separately trade Class A ordinary shares and warrants. The shares and warrants will trade under symbols NPAC and NPACW, while unseparated units continue under NPACU. No fractional warrants will be issued.GlobeNewswireNew Providence Acquisition Corp. III Completes $300,150,000 Initial Public OfferingNew Providence Acquisition Corp. III closed its IPO of 30,015,000 units at $10.00 each, generating $300,150,000 in gross proceeds. The units began trading on Nasdaq under NPACU, with $301,650,750 placed in trust. The company seeks a consumer industry acquisition.GlobeNewswireNew Providence Acquisition Corp. III Announces the Pricing of $261,000,000 Initial Public OfferingNew Providence Acquisition Corp. III priced its initial public offering of 26.1 million units at $10.05 each, with units expected to trade on Nasdaq under the ticker NPACU. The offering is expected to close on April 25, 2024, and includes a 45-day over-allotment option for up to 3.915 million additional units.