New Providence Acquisition Corp. (NPAUU), launched the Fall SPAC season this evening by announcing the pricing of their $200 million IPO. New Providence’s units are expected to begin trading Wednesday, September 11th, under the symbol NASDAQ: NPAUU.
New Providence will be focusing on the consumer sector and will be led by Alex Coleman and Gary Smith, as co-Chief Executive Officers.
Total SPAC deal count for 2019 year-to-date is now 40 with $9.55 billion in gross proceeds raised. The offering is expected to close on Friday, September 13, 2019.
Congratulations to all.
BTIG acted as sole book-running manager for the offering and I-Bankers Securities, Inc. is acting as co-manager. Kirkland & Ellis LLP and Ellenoff Grossman & Schole LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.