NEW PROVIDENCE ACQUISITION C NPAC
USD CL A ORD SHS · Common Stock · CUSIP G6476A102
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersPalm Beach, FL
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.20.
Biggest buyers
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +2.2m |
| Magnetar Financial LLC | New | +1.7m |
| TENOR CAPITAL MANAGEMENT Co., L.P. | New | +1.5m |
| Alberta Investment Management Corp | New | +1.2m |
| Linden Advisors LP | New | +1.2m |
| ARISTEIA CAPITAL, L.L.C. | New | +1.2m |
| LMR Partners LLP | New | +1.2m |
| Ghisallo Capital Management LLC | New | +1.0m |
| WHITEBOX ADVISORS LLC | New | +500.0k |
| Governors Lane LP | New | +500.0k |
Biggest sellers
| None |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
NEW PROVIDENCE HOLDINGS III, LLC
13D · may seek influence
new · filed 2025-05-02
Stated purposeIn connection with the organization of the Issuer, on December 4, 2024, 5,750,000 Class B Ordinary Shares (the "Founder Shares") were purchased by the Sponsor for the amount of $25,000, pursuant to a Securities Subscription Agreement, dated as of December 4, 2024, by and between the Sponsor and the Issuer (the "Founder Share Purchase Agreement"), as more fully described in Item 6 of this Schedule 13D which information is incorporated herein by reference. In March 2025, the Issuer effected a share capitalization, resulting in the Sponsor holding an aggregate of 7,503,750 founder shares. On April 25, 2025, simultaneously with the consummation of the Issuer's Initial Public Offering (the "IPO"), the Sponsor purchased 611,075 units ("Placement Units") of the Issuer at $10.00 per Placement Uni… Full filing |
21.1% |
| MMCAP International Inc. SPC 13G · passive investor no change · filed 2026-02-13 | 7.1% |
| Magnetar Financial LLC 13G · institution new · filed 2025-08-08 | 5.7% |
Fell to 5% or below in the last year: AQR CAPITAL MANAGEMENT LLC (4.6%, 2026-08-12), HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND (2.2%, 2026-02-13)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $6.1m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-04-25 | Smith Gary P. +2 Co-CEO, director | Bought | $6.1m611.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio | 2.2m $22.4m | New |
| Magnetar Financial LLC 0.09% of their portfolio | 1.7m $18.2m | New |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.21% of their portfolio | 1.5m $15.3m | New |
| Alberta Investment Management Corp 0.10% of their portfolio | 1.2m $12.7m | New |
| ARISTEIA CAPITAL, L.L.C. 0.35% of their portfolio | 1.2m $12.2m | New |
| Linden Advisors LP 0.07% of their portfolio | 1.2m $12.2m | New |
| LMR Partners LLP 0.19% of their portfolio | 1.2m $12.2m | New |
| Ghisallo Capital Management LLC 0.27% of their portfolio | 1.0m $10.2m | New |
| WHITEBOX ADVISORS LLC 0.14% of their portfolio | 500.0k $5.1m | New |
| Governors Lane LP 0.70% of their portfolio | 500.0k $5.1m | New |
| Shaolin Capital Management LLC 0.18% of their portfolio | 400.0k $4.1m | New |
| BERKLEY W R CORP 0.25% of their portfolio | 396.9k $4.0m | New |
| WOLVERINE ASSET MANAGEMENT LLC 0.06% of their portfolio | 332.3k $3.4m | New |
| GLAZER CAPITAL, LLC 0.11% of their portfolio | 307.8k $3.1m | New |
| Saba Capital Management, L.P. 0.08% of their portfolio | 286.9k $2.9m | New |
| Verition Fund Management LLC 0.02% of their portfolio | 260.0k $2.6m | New |
| Decagon Asset Management LLP 1.99% of their portfolio | 250.0k $2.6m | New |
| Polar Asset Management Partners Inc. 0.05% of their portfolio | 200.0k $2.0m | New |
| TORONTO DOMINION BANK 0.00% of their portfolio | 196.1k $2.0m | New |
| CLEAR STREET LLC 0.01% of their portfolio | 193.2k $2.0m | New |
| MIZUHO SECURITIES USA LLC 0.03% of their portfolio | 143.5k $1.4m | First filing |
| HighTower Advisors, LLC 0.00% of their portfolio | 136.7k $1.4m | New |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.03% of their portfolio | 100.0k $1.0m | Not comparable |
| Context Capital Management, LLC 0.03% of their portfolio | 100.0k $1.0m | New |
| Virtu Financial LLC 0.05% of their portfolio | 90.2k $917.0k | New |
| DELTEC ASSET MANAGEMENT LLC 0.14% of their portfolio | 75.0k $765.0k | New |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 62.4k $634.5k | New |
| HEIGHTS CAPITAL MANAGEMENT, INC 0.16% of their portfolio | 50.0k $508.0k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 48.0k $487.7k | New |
| MORGAN STANLEY 0.00% of their portfolio | 69 $704 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | New |