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New Providence Acquisition Corp Ii  (NASDAQ: NPABU)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $12.2000 $-0.20 -1.613%
Day's High: $12.2 Week Perf: 0.83 %
Day's Low: $ 11.20 30 Day Perf: 6.09 %
Volume (M): 1 52 Wk High: $ 20.20
Volume (M$): $ 13 52 Wk Avg: $12.62
Open: $11.20 52 Wk Low: $10.14



 Market Capitalization (Millions $) 8
 Shares Outstanding (Millions) 1
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

New Providence Acquisition Corp Ii
New Providence Acquisition Corp II is a special purpose acquisition company (SPAC) that was formed with the aim of merging or acquiring a target company. It was launched in 2020 and listed on the NASDAQ under the ticker symbol NPAI.

The company was founded and sponsored by New Providence Asset Management, a global investment firm that specializes in private equity and alternative investments. New Providence Acquisition Corp II aims to identify and acquire a business in the healthcare, technology, or consumer industries that has strong growth potential and can provide value to its shareholders.

The company raised funds through its initial public offering (IPO) to finance the acquisition and merger process. SPACs usually have a two-year time frame to complete a merger or acquisition, and New Providence Acquisition Corp II has not announced a target company as of yet.

Once a target is identified, New Providence Acquisition Corp II will negotiate and complete the merger or acquisition, after which the target company would become a publicly traded entity. The shareholders of New Providence Acquisition Corp II would then become shareholders of the merged company.


   Company Address: 10900 Research Blvd Austin 78759 TX
   Company Phone Number: 231-7070   Stock Exchange / Ticker: NASDAQ NPABU


   

Stock Performances by Major Competitors

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New Providence Acquisition Corp Ii

New Providence Acquisition Corp II Reports Disappointing Revenue for Q3 Fiscal Period Ending September 30, 2023



New Providence Acquisition Corp II, a prominent investment firm, recently released its fiscal report for the period ending September 30, 2023, revealing mixed results. While the company showcased stable income per share, there was a significant decline in profits. Investors are now keenly observing the company's future performance, taking into account potential factors that may impact its financial standing.
During the specified fiscal period, the company's income per share remained unchanged at $0.02 per share, compared to the previous year. However, profits experienced a significant plummet of -50%, falling from $0.04 per share in the previous reporting season. This drop reflects the challenges the company faced over the past year and highlights the need for strategic initiatives to reverse the declining trend.

New Providence Acquisition Corp Ii

New Providence Acquisition Corp II Displays Resilience: NPABU's Revenue Rockets by 581.928% Despite Income Decline



New Providence Acquisition Corp II recently released its financial results for the financial interval closing June 30, 2023. The company's earnings per share (EPS) remained unscathed at $0.04 per share compared to the previous year, while income experienced a decline of -33.33% from the previous reporting period. However, revenue showed a significant increase of 581.928% to $1.70 million from $0.25 million in the same reporting period a year ago. This article aims to interpret these financial results and assess their potential impact on the company's future.
1. Stable EPS Amidst Income Decline:
Although New Providence Acquisition Corp II's EPS remained stable at $0.04 per share, the income declined by -33.33% from $0.06 per share in the previous reporting period. It appears that the company's ability to manage its expenses and maintain its EPS is commendable. However, the decline in income should be closely monitored, as it could indicate potential challenges or changes in the business landscape.

New Providence Acquisition Corp Ii

New Providence Acquisition Corp II Shatters Records with Mind-Blowing ROI of 3.38% in Q1 2023, Outperforming Industry Giants

New Providence Acquisition Corp II has achieved a significant milestone in the first quarter of 2023, with a return on average invested assets (ROI) of 3.38%, which is a new high for the company. The ROI has shown an improvement compared to the previous quarter, with an increase of 1.83%. This increase in ROI is due to the net income growth of the company.
While the company's performance seems to be commendable, it is worth noting that within the financial sector, 191 other companies had a higher return on investment than New Providence Acquisition Corp II. This indicates that the competition in this sector is high, and the company may need to improve its performance further to remain competitive.










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