Renaissance Capital logo

New Providence Acquisition Priced, Nasdaq: NPAUU

Blank check company led by former soda executives targeting the consumer sector.

Industry: SPAC

Latest Trade: $10.03 0.00 (0.0%)

First Day Return: +0.4%

Return from IPO: +0.3%

Industry: SPAC

We are a newly organized blank check company. We seek to acquire and operate a business in the consumer industry and we believe that our management team is well-suited to identify opportunities which have the potential to generate attractive risk-adjusted returns for our stockholders. However, we are not limited to this industry, and we may pursue an opportunity in any business or industry we choose, including one outside of the United States. Our executives have proven track records in identifying undervalued companies and cultivating strategies to maximize their operating results and market potential, thereby generating value for stockholders. Our management team is led by our Chairman and Co-CEO, Alexander Coleman; our Co-CEO, Gary Smith; and our CFO, James Bradley. Alexander Coleman has 20 years of institutional private equity experience, focused predominantly on U.S. based middle market companies operating in the food and beverage, information and business services and specialized manufacturing markets. Gary Smith has held senior management positions at PepsiCo, Red Bull and Big Red. James Bradley has over 23 years of finance and accounting experience. We believe that our management team is well-positioned to identify an attractive target business within the consumer industry and that our proprietary deal sourcing network will enable us to pursue a broad range of opportunities across the consumer industry landscape.
more less
IPO News for New Providence Acquisition
more
IPO Data
IPO File Date 08/23/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/10/2019
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters Austin, TX
Founded 2019
Employees 3