10-Q Filing

New Providence Acquisition Corp. III/Cayman CIK: 2048948 Q2 2025

Filing Information

Form Type	10-Q
Accession Number	`0001213900-25-076666`
Period End Date	20250630
Filing Date	20250814
Fiscal Year	2025
Fiscal Period	Q2
XBRL Instance	ea0252540-10q_newpro3_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 22 Cash Flow Statement 56 Stockholders Equity 28

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$1.09M	USD	Point-in-time
Cash	`Cash`	$1.09M	USD	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$131.11K	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$131.11K	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	-	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	-	USD	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$23.78K	USD	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$23.78K	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$40.48K	USD	Point-in-time
Prepaid expenses	`OtherPrepaidExpenseCurrent`	$40.48K	USD	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.78K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.78K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.26M	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$53.71K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$53.71K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$303.86M	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$303.86M	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	-	USD	Point-in-time
Marketable securities held in Trust Account	`MarketableSecuritiesNoncurrent`	-	USD	Point-in-time
Total Assets	`Assets`	$305.12M	USD	Point-in-time
Total Assets	`Assets`	$305.12M	USD	Point-in-time
Total Assets	`Assets`	$77.49K	USD	Point-in-time
Total Assets	`Assets`	$77.49K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	-	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	-	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$75.00K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$75.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.00K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$12.79M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$12.79M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	-	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$71.02K	USD	Point-in-time
Total Liabilities	`Liabilities`	$71.02K	USD	Point-in-time
Total Liabilities	`Liabilities`	$12.88M	USD	Point-in-time
Total Liabilities	`Liabilities`	$12.88M	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.25K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.53K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.53K	USD	Point-in-time
Total Shareholders (Deficit) Equity	`StockholdersEquity`	$6.47K	USD	Point-in-time
Total Shareholders (Deficit) Equity	`StockholdersEquity`	$6.47K	USD	Point-in-time
Total Shareholders (Deficit) Equity	`StockholdersEquity`	$-11.62M	USD	Point-in-time
Total Shareholders (Deficit) Equity	`StockholdersEquity`	$-11.62M	USD	Point-in-time
Total Shareholders (Deficit) Equity	`StockholdersEquity`	$-54.22K	USD	Point-in-time
Total Shareholders (Deficit) Equity	`StockholdersEquity`	$-54.22K	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$77.49K	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$77.49K	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$305.12M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders (Deficit) Equity	`LiabilitiesAndStockholdersEquity`	$305.12M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
General and administrative costs	`GeneralAndAdministrativeExpense`	$156.03K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$156.03K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$216.71K	USD	2 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$216.71K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-156.03K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-156.03K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-216.71K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-216.71K	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.21M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.21M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.21M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.21M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$2.21M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$2.21M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$2.21M	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$2.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-60.69K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-60.69K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.05M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-60.69K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-60.69K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.21M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.21M	USD	2 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.21M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.21M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$19.83K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$19.83K	USD	2 Qtrs
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$131.11K	USD	2 Qtrs
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$131.11K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$16.00K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$16.00K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-3.00K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-3.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-354.65K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-354.65K	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$301.65M	USD	2 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireInvestments`	$301.65M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.65M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.65M	USD	2 Qtrs
Proceeds from sale of Public Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$294.93M	USD	2 Qtrs
Proceeds from sale of Public Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$294.93M	USD	2 Qtrs
Proceeds from sale of Private Placement Units	`ProceedsFromIssuanceOfPrivatePlacement`	$8.72M	USD	2 Qtrs
Proceeds from sale of Private Placement Units	`ProceedsFromIssuanceOfPrivatePlacement`	$8.72M	USD	2 Qtrs
Due from Sponsor	`IncreaseDecreaseInDueFromSponsor`	$366.12K	USD	2 Qtrs
Due from Sponsor	`IncreaseDecreaseInDueFromSponsor`	$366.12K	USD	2 Qtrs
Repayment of due from Sponsor	`ProceedsFromRelatedPartyDebt`	$366.12K	USD	2 Qtrs
Repayment of due from Sponsor	`ProceedsFromRelatedPartyDebt`	$366.12K	USD	2 Qtrs
Proceeds from IPO Promissory Note - related party	`ProceedsFromNotesPayable`	$217.03K	USD	2 Qtrs
Proceeds from IPO Promissory Note - related party	`ProceedsFromNotesPayable`	$217.03K	USD	2 Qtrs
Repayment of IPO Promissory Note - related party	`RepaymentsOfNotesPayable`	$285.05K	USD	2 Qtrs
Repayment of IPO Promissory Note - related party	`RepaymentsOfNotesPayable`	$285.05K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$490.77K	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$490.77K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$303.09M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$303.09M	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.09M	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.09M	USD	2 Qtrs
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.09M	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$75.00K	USD	2 Qtrs
Offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$75.00K	USD	2 Qtrs
Accretion of Class A Ordinary Shares to redemption value	`AccretionOfClassAOrdinarySharesToRedemptionValue`	$23.63M	USD	2 Qtrs
Accretion of Class A Ordinary Shares to redemption value	`AccretionOfClassAOrdinarySharesToRedemptionValue`	$23.63M	USD	2 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCash`	$12.79M	USD	2 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCash`	$12.79M	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$6.47K	USD	Point-in-time
Balance	`StockholdersEquity`	$6.47K	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$-54.22K	USD	Point-in-time
Balance	`StockholdersEquity`	$-54.22K	USD	Point-in-time
Sale of Private Placement Units	`StockIssuedDuringPeriodValueNewIssues`	$8.72M	USD	1 Quarter
Sale of Private Placement Units	`StockIssuedDuringPeriodValueNewIssues`	$8.72M	USD	1 Quarter
Sale of Private Placement Units	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Sale of Private Placement Units	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Fair value of Public Warrants at issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.39M	USD	1 Quarter
Fair value of Public Warrants at issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.39M	USD	1 Quarter
Allocated value of transaction costs to Class A Ordinary Shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$103.82K	USD	1 Quarter
Allocated value of transaction costs to Class A Ordinary Shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$103.82K	USD	1 Quarter
Accretion for Class A Ordinary Shares to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$23.63M	USD	1 Quarter
Accretion for Class A Ordinary Shares to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$23.63M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.99M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.99M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-60.69K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-60.69K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Balance	`StockholdersEquity`	$6.47K	USD	Point-in-time
Balance	`StockholdersEquity`	$6.47K	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$-54.22K	USD	Point-in-time
Balance	`StockholdersEquity`	$-54.22K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.