Announcement • Nov 08
Nasdaq Determines to Delist New Providence Acquisition Corp. II Securities On November 4, 2024, New Providence Acquisition Corp. II (the Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (Nasdaq") stating that, pursuant to Nasdaq Listing Rule IM-5101-2 (Rule IM-5101-2"), the staff of Nasdaq (Staff") had determined that (i) the Company's securities will be delisted from Nasdaq, (ii) trading of the Company's Class A common stock, warrants, and units will be suspended at the opening of business on November 11, 2024 and (iii) a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on Nasdaq. Under Rule IM-5101-2, a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration statement. Since the Company failed to complete its initial business combination by November 4, 2024, the Staff concluded that the Company did not comply with Rule IM-5101-2 and that the Company's securities are now subject to delisting. Announcement • Jul 30
New Providence Acquisition Receives Deficiency Letter from the Listing Qualifications Department of the Nasdaq Regarding MVLS Requirement On July 23, 2024, New Providence Acquisition Corp. II (the “Company”) received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the preceding 30 consecutive business days, the Company’s Market Value of Listed Securities (“MVLS”) was below the $50 million minimum requirement for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2) (the “MVLS Requirement”). The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until January 17, 2025 (the “Compliance Date”), to regain compliance with the MVLS Requirement. If, at any time before the Compliance Date, the Company’s MVLS closes at $50 million or more for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the MVLS Requirement. The Company effected the Conversion to regain compliance with the MVLS Requirement. Announcement • May 17
New Providence Acquisition Corp. II announced delayed 10-Q filing On 05/15/2024, New Providence Acquisition Corp. II announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
