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New Providence Acquisition III issues up to $1.5 million in promissory notes to co-CEOs

PUBT·06/08/2026 21:11:05
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New Providence Acquisition III issues up to $1.5 million in promissory notes to co-CEOs
  • New Providence Acquisition Corp. III issued two unsecured promissory notes on June 8, 2026 for up to USD 1.5 million in working capital.
  • Notes were provided by co-CEOs Gary Smith and Alexander Coleman; each note allows up to USD 750,000.
  • Notes are non-interest-bearing; maturity is the earlier of an initial business combination closing or liquidation.
  • Lenders can convert outstanding balances into units at USD 10 per unit; each unit includes one Class A share, one-third warrant.
  • Sponsor previously advanced USD 200,000; amount is payable on demand.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Providence Acquisition Corp. III published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-066354), on June 08, 2026, and is solely responsible for the information contained therein.