New Providence Acquisition Corp. III/Cayman (NPAC)
NPAC 8-K filings in 2026
Every material Form 8-K New Providence Acquisition Corp. III/Cayman filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On June 8, 2026, New Providence Acquisition Corp. III issued unsecured promissory notes totaling $1.5 million to its two co-Chief Executive Officers, Gary Smith and Alexander Coleman, to fund working capital. The notes bear no interest, mature at the earlier of an initial business combination or liquidation, and are convertible into units at $10.00 each, which could dilute existing shareholders.
Two unsecured notes of up to $750,000 each, totaling $1,500,000, issued to co-CEOs Gary Smith and Alexander Coleman
Notes carry no interest and mature at the earlier of an initial business combination or liquidation
Lenders may convert outstanding amounts into units at $10.00 each; each unit includes one Class A ordinary share and one-third of one warrant exercisable at $11.50
Separately, the Sponsor advanced $200,000 before the notes were issued, payable on the Sponsor's demand
New Providence Acquisition Corp. III, a special purpose acquisition company, signed a business combination agreement with Abra Financial Holdings, Inc., a digital asset wealth management platform. The deal would re-domicile the SPAC to Delaware and merge Abra into a SPAC subsidiary, with Abra stockholders receiving SPAC shares based on a $750 million pre-money equity value. The transaction is subject to shareholder approvals, an SEC registration statement and customary closing conditions, so it may not be completed.
Abra's pre-money equity value is $750 million, with existing Abra stockholders rolling 100% of their interests into the combined company
Up to $300 million of cash held in trust is expected, subject to reductions for redemptions by New Providence public shareholders
Combined company is expected to trade on Nasdaq under ticker ABRX; Abra equity holders are expected to hold a majority of shares after closing
Abra must deliver audited financials no later than 45 days after the agreement date
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every New Providence Acquisition Corp. III/Cayman filing is on SEC EDGAR ↗. 8-K briefs of other companies →