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New Providence Acquisition Corp. II (NPABU) has successfully closed its upsized public offering of 25,000,000 units, including 2,500,000 units from the underwriter's over-allotment option. Trading began on November 5, 2021. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant, with warrants exercisable at $11.50 per share. The management team, led by consumer sector veterans, seeks targets valued between $700 million and $1 billion. NPA aims to leverage its resources and public equity for accelerated growth and enhanced shareholder returns.
