New Providence Acquisition Corp. III (NPACW) Warrant
Each NPACW warrant gives the holder the right to buy 1 share of New Providence Acquisition Corp. III at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.54, below the strike, so the warrant is out of the money. New Providence Acquisition Corp. III has a market value of about $404.64M. New Providence Acquisition Corp. III is a SPAC (deal signed with Abra Financial Holdings, Inc.). It must complete a deal by April 25, 2027 or the warrants expire worthless. There are 10.01M listed warrants; exercising all of them would add 26.1% to the 38.39M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.71
From the issuer's 8-K (2025-04-25).
Company and stock
- Company
- New Providence Acquisition Corp. III
- Underlying stock
- NPAC
- Share price
- $10.54
- Market cap
- $404.64M
- Shares outstanding
- 38.39M
- 12-month range
- $10.16 – $10.54
- 12-month change
- +4%
- Value of all listed warrants
- $2.14M (0.5% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Palm Beach, FL
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2139
- Price / model
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Dilution
- Shares outstanding
- 38.39M
- Listed warrants
- 10.01M
- Dilution if all exercised
- 26.1%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- Abra Financial Holdings, Inc.
- Deal announced
- 2026-03-16
- Deadline
- 2027-04-25
- Latest possible deadline
- —
- Trust per share
- $10.51
- Sponsor
- New Providence Holdings III LLC
- Sponsor's earlier SPACs
- 2 (1 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about NPACW
When does the NPACW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of NPACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many NPACW warrants are outstanding?
10.01M listed warrants, equal to 26.1% dilution if all are exercised.
Related warrants
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