Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | NPAB | Class B common stock | Nov 4, 2021 | Class A common stock | 6.42M | Direct | F1, F2, F3 |
Id | Content |
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F1 | As described in the issuer's registration statement on Form S-1 (File No. 333-253337) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date. |
F2 | The shares of Class B common stock owned by the reporting person includes up to 843,750 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement. |
F3 | Alexander Coleman and Gary P. Smith are the directors of the reporting person, and as such have voting and investment discretion with respect to the securities held by the reporting person and may be deemed to have shared beneficial ownership of securities held directly by the reporting person. The business address of each of these individuals is c/o New Providence Acquisition Corp. II, 10900 Research Blvd, Suite 160C, PMB 1081, Austin, TX 78759. |