New Providence Acquisition Corp. III/Cayman (NPAC) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

High Risk

Significant dilution risk

Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 86.96% of current shares

Recent Dilution: 314.53% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

30M

Potential Supply

26M

Additional shares possible

Splits

None

Past 2 years

Summary

NPAC currently has 30M outstanding shares. with significant dilution risk as 26.1M authorized shares could dilute existing holders by 87.0%. The company has significantly diluted shareholders by 314.53% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 14, 2026	10-Q filing \| 30.0M shares outstanding	30M	26M
Mar 31, 2026	10-K filing \| 30.9M shares outstanding	31M	26M
Nov 14, 2025	10-Q filing \| 30.0M shares outstanding	30M	26M
Aug 14, 2025	10-Q filing \| 30.9M shares outstanding	31M	26M
Jun 09, 2025	10-Q filing \| 30.9M shares outstanding	31M	26M
Apr 10, 2025	S-1/A filing: The company is offering 26,100,000 units at $10.00 per Firm Unit. Each Firm Unit consists of one Class A ordinary share and one-third of one redeemable warrant.	7.5M	26M
Apr 07, 2025	S-1 filing: New Providence Acquisition Corp. III is offering 26,100,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant in an initial public offering.	7.5M	27M

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