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NPAC

New Providence Acquisition Corp. III

NPAC

New Providence Acquisition Corp. III • NASDAQ
$10.28 ▲ 0.29% (+0.03)
Market Cap $317.52 M
52w High $10.55
52w Low $10.07
Dividend Yield 0%
P/E 0
Volume 397
Outstanding Shares 30.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 $156.028K ▲ $2.053M ▲ 0% $0.07 ▲ $-156.028K ▼
Q1-2025 $0 $60.685K $-60.685K 0% $-0.002 $-60.685K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.087M $305.118M $12.88M $292.238M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $2.053M $-325.585K $0 $303.063M $1.087M $-325.58K

Five-Year Company Overview

Income Statement

Income Statement NPAC is a blank‑check company, so its income statement is not like a normal operating business. It has no real revenue, no cost of goods, and no operating profit from selling products or services. You mainly see small administrative costs and a very modest loss per share, which is typical for a SPAC before it completes a merger. The income statement will only become meaningful once NPAC announces and closes a deal with a real operating company.

Balance Sheet

Balance Sheet The balance sheet of a pre‑deal SPAC is essentially a pool of cash raised in the IPO, mostly held in a protected trust, with very little else. There is usually little or no traditional debt, and almost no operating assets like factories, equipment, or inventory. In practical terms, NPAC’s balance sheet represents a pile of capital waiting to be matched with a private company, rather than a business that owns and operates assets today.

Cash Flow

Cash Flow Current cash flows are minimal and largely administrative. Most of the IPO money typically sits in a trust account, earning a modest return, while a small portion covers SPAC running costs such as professional fees and compliance. There is no ongoing business generating cash. The real cash flow story will start only after a merger, when a target company’s operations, investments, and financing needs begin to flow through the combined entity’s statements.

Competitive Edge

Competitive Edge As a SPAC in the financial services space, NPAC’s “product” is its cash, its public listing, and the experience of its sponsors. It competes with many other SPACs and traditional IPO routes for attractive private companies, especially in the consumer sector where it intends to focus. A potential strength is the management team’s prior SPAC experience and consumer background, which may help them source and negotiate a compelling deal. However, until a specific merger target is announced, NPAC’s competitive position is mostly about the credibility and network of its sponsors rather than any business moat of its own.

Innovation and R&D

Innovation and R&D NPAC does not conduct research and development in the traditional sense because it has no products, technology, or services of its own yet. Its “innovation,” if any, lies in structuring and executing a transaction that brings a private consumer‑focused company to the public markets. The real innovation and R&D profile to watch will be that of the eventual merger partner, not NPAC itself.

Summary

NPAC is a newly listed SPAC with no operating business yet; it is essentially a cash shell set up to find and merge with a private company, likely in the consumer sector. Current financial statements mostly reflect this structure: little activity on the income and cash‑flow sides, and a balance sheet that is primarily cash in trust. The key drivers of future value and risk will be the quality of the eventual merger target, the price paid, the deal structure, and how well the management team executes. Until a specific target is announced and detailed information is available, analysis remains highly uncertain and focused more on sponsor track record than on fundamentals of a real operating company.