NPACU · New Providence Acquisition Corp. III · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that we currently lack the liquidity we need to sustain operations for a reasonable period of time, which is considered to be at least one year from the date that the unaudited condensed consolidated financial statements and the notes thereto included elsewhere in this Report under Item 1 "Financial Statements" are issued, as we expect to continue to incur significant costs in pursuit of our acquisition plans. In addition, Management has determined that if we are unable to complete an initial Business Combination within the Combination Period, then we will cease all operations except for the purpose of liquidating. These conditions raise substantial doubt about our ability to continue as a going concern.”View the 10-Q filed Aug 14, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-04-25 | NEW PROVIDENCE HOLDINGS III, LLC |
10% Owner |
Buy↑
Filing footnotes — Class A ordinary shares (Direct)
Reflects the 611,075 Class A ordinary shares of New Providence Acquisition Corp. III (the "Issuer") that are included in the 611,075 private placement units of the Issuer purchased by New Providence Holdings III, LLC ("Sponsor"). Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one-third of a warrant, each whole warrant exercisable into one Class A ordinary share at an exercise price of $11.50 per ordinary share. The Sponsor is the record holder of the shares reported herein. Alexander Coleman and Gary P. Smith are the managing members of the Sponsor and hold voting and investment discretion with respect to the Class A ordinary shares and Class B ordinary shares held of record by the Sponsor. As such, Mr. Coleman and Mr. Smith may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Coleman and Mr. Smith disclaim any beneficial ownership except to the extent of their pecuniary interest therein. Represents (i) the 611,075 Class A ordinary shares referred to in footnotes 1 and 2 and (ii) 7,503,750 Class B ordinary shares held by the Sponsor acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. |
Class A ordinary shares
|
611,075 |