{"url_path":"/sec/npacw/8-k/2026-06-08/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-08","source_url":"https://www.sec.gov/Archives/edgar/data/2048948/0001213900-26-066354-index.html","accession_number":"0001213900-26-066354","cik":"0002048948","ticker":"NPAC","issuer_name":"New Providence Acquisition Corp. III/Cayman","edgar_url":"https://www.sec.gov/Archives/edgar/data/2048948/0001213900-26-066354-index.html","primary_entity_key":"0002048948","primary_entity_name":"New Providence Acquisition Corp. III/Cayman"},"word_count":290,"has_tables":true,"body_markdown":"**Item 1.01 Entry into a Material Definitive Agreement**\n\n \n\nOn June 8, 2026, New Providence\nAcquisition Corp. III (the “**Company**”) issued unsecured promissory notes (the “**Notes**”), each in the\naggregate principal amount of up to $750,000 to (i) Gary Smith and (ii) Alexander Coleman, the company’s co-Chief Executive Officers\n(the “**Lenders**”), for the Company’s working capital needs, for a total aggregate principal amount of $1,500,000.\nThe Notes do not bear interest and mature upon the earlier of the closing of an initial business combination by the Company and the Company’s\nliquidation. Additionally, prior to the date of issuance of the Notes, $200,000 was advanced by the Sponsor to the Company and is\npayable by the Company upon the demand of the Sponsor.\n\n \n\nAmounts outstanding under\nthe respective Notes are convertible, at the option of the respective Lender, into units of the Company (the “**Conversion Units**”),\nat a conversion price of $10.00 per Conversion Unit, with each unit consisting of one share of the Company’s Class A ordinary share,\npar value $0.0001 per share (“**Class A Ordinary Share**”), and one-third of one warrant, with each whole warrant\nexercisable for one Class A Ordinary Share at $11.50 per share, subject to adjustment as provided in the Company’s Registration\nStatement on Form S-1 filed in connection with its initial public offering (“**IPO**”). The Conversion Units will be identical\nto the private placement units issued to the Sponsor at the time of the Company’s IPO. The Conversion Units are entitled\nto registration rights.\n\n \n\nThe foregoing description\nof the Note is qualified in its entirety by reference to the full text of the Form of Promissory Note, which is filed with this Current\nReport on Form 8-K as Exhibit 10.1 and is incorporated herein by reference."}