New Providence Acquisition Corp. II, a Delaware-registered company based in Palm Beach, Florida, has announced that its securities will be delisted from The Nasdaq Stock Market LLC. This decision comes after a Nasdaq notice informed the company that it did not meet the requirement to complete a business combination within 36 months of its initial public offering, as stipulated in the Nasdaq Listing Rule IM-5101-2. Consequently, trading of the company's Class A common stock, warrants, and units will be suspended from November 11, 2024, with the company's securities being removed from Nasdaq. Additionally, the company's stockholders approved an amendment proposal during a special meeting held on November 1, 2024, allowing the company to extend the deadline to complete an initial business combination from November 9, 2024, to November 9, 2025.
Names mentioned: - New Providence Acquisition Corp. II - Gary P. Smith (Chief Executive Officer and Director)