Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NPAB | Class B common stock | Other | -219K | -3.41% | 6.2M | Dec 19, 2021 | Class A common stock | 219K | 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 | This Form 4 reflects the automatic surrender to New Providence Acquisition Corp. II (the "issuer") of 218,750 shares of the issuer's Class B common stock, par value $0.0001 per share, for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the expiration of the option of the underwriters of the issuer's initial public offering to purchase additional units. |
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. |