[SCHEDULE 13G] New Providence Acquisition Corp. III Warrants SEC Filing

Rhea-AI Filing Summary

Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman have filed a Schedule 13G reporting a passive 5.66 % stake in New Providence Acquisition Corp. III (CUSIP G6476A102). As of 30 Jun 2025 the group beneficially owns 1,750,000 Class A ordinary shares, all held through eight Magnetar-advised funds. Voting and dispositive power over all shares is shared; no party has sole authority. The filing states the securities were acquired in the ordinary course of business and not to change or influence control of the issuer. Magnetar Financial serves as investment adviser, Magnetar Capital Partners is its sole member, Supernova Management is the general partner of Magnetar Capital Partners, and Mr. Snyderman manages Supernova Management. Certification and joint-filing agreements were signed on 8 Aug 2025.

Positive

• Magnetar entities report owning 1.75 m NPAC shares (5.66 %), increasing the issuer’s institutional shareholder base and signalling professional investor interest.

Negative

• None.

Insights

Securities Analyst

TL;DR: Magnetar discloses 5.66 % passive stake in NPAC; modest but notable institutional ownership, no control intentions.

The 13G reveals Magnetar-related entities collectively hold 1.75 m shares of New Providence Acquisition Corp. III, crossing the 5 % disclosure threshold. The stake is diversified across several Magnetar funds, suggesting portfolio-level exposure rather than an activist position. Because the filing is on Schedule 13G (not 13D), Magnetar represents the investment as passive, reducing the probability of near-term strategic pressure on management. At roughly 5.7 % of outstanding shares (issuer reports 30.9 m shares), Magnetar becomes a top shareholder but remains below levels that afford significant blocking power. For investors, the filing signals additional institutional interest and slightly tighter float but is unlikely to change the company’s strategic trajectory.

Corporate Governance Expert

TL;DR: Filing indicates shared voting, no sole control; governance impact minimal.

Because all voting and dispositive authority is shared among the Magnetar entities and none exceeds 5.66 % individually, the group’s ability to influence board matters is limited. The certification that the shares were not acquired to influence control further dampens governance impact. Nonetheless, management must now consider Magnetar in any solicitation that requires majority approval, especially in SPAC-related business combinations where institutional support can be decisive. The absence of a 13D or activism language keeps governance risk low.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

New Providence Acquisition Corp. III

(Name of Issuer)

Class A ordinary shares, par value $0.0001

(Title of Class of Securities)

G6476A102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G6476A102

1

Names of Reporting Persons

MAGNETAR FINANCIAL LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.66 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. G6476A102

1

Names of Reporting Persons

MAGNETAR CAPITAL PARTNERS LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.66 %

12

Type of Reporting Person (See Instructions)

HC, PN

SCHEDULE 13G

CUSIP No. G6476A102

1

Names of Reporting Persons

SUPERNOVA MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.66 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP No. G6476A102

1

Names of Reporting Persons

DAVID J. SNYDERMAN

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.66 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: New Providence Acquisition Corp. III
(b)	Address of issuer's principal executive offices: 401 S COUNTY ROAD #2588 Palm Beach, FL, 33480
Item 2.
(a)	Name of person filing: This statement is filed on behalf of each of the following person (collectively, the "Reporting Persons"): i) Magnetar Financial LLC ("Magnetar Financial"); ii) Magnetar Capital Partners LP (Magnetar Capital Partners"); iii) Supernova Management LLC ("Supernova Management"); and iv) David J. Snyderman ("Mr. Snyderman"). This statement relates to the Shares (as defined herein) held for Magnetar Constellation Master Fund, Ltd ("Constellation Master Fund"), Magnetar Xing He Master Fund Ltd ("Xing He Master Fund"), Magnetar SC Fund Ltd ("SC Fund"), all Cayman Islands exempted companies; Magnetar Structured Credit Fund, LP ("Structured Credit Fund") a Delaware limited partnership; Magnetar Alpha Star Fund LLC ("Alpha Star Fund"), Magnetar Lake Credit Fund LLC ("Lake Credit Fund"), all Delaware limited liability companies; collectively (the "Magnetar Funds"). Magnetar Financial serves as the investment adviser to the Magnetar Funds, and as such, Magnetar Financial exercises voting and investment power over the Shares held for the Magnetar Funds' accounts. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The manager of Supernova Management is Mr. Snyderman.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Snyderman is 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201.
(c)	Citizenship: Place of Organization. i) Magnetar Financial is a Delaware limited liability company; ii) Magnetar Capital Partners is a Delaware limited partnership; iii) Supernova Management is a Delaware limited liability company; and iv) Mr. Snyderman is a citizen of the United States of America.
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001
(e)	CUSIP No.: G6476A102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of June 30, 2025, each of Magnetar Financial, Magnetar Capital Partners, Supernova Management and Mr. Snyderman held 1,750,000 Shares. The amount consists of (A) 560,000 Shares held for the account of Constellation Master Fund; (B) 245,000 Shares held for the account of Lake Credit Fund; (C) 210,000 Shares held for the account of Structured Credit Fund; (D) 402,500 Shares held for the account of Xing He Master Fund; (E) 140,000 Shares held for the account of Alpha Star Fund; (F) 210,000 Shares held for the account of Capital Master Fund; and (H) 192,500 Shares held for the account SC Fund. The Shares held by the Magnetar Funds represent approximately 5.66% of the total number of Shares outstanding (calculated pursuant to Rule 13d-3(d)(1)(i)) of the outstanding shares of the Issuer).
(b)	Percent of class: As of June 30, 2025, each of the Reporting Persons were deemed to be the beneficial owner constituting approximately 5.66% of the total number of shares outstanding (based upon the information provided by the Issuer in its Form 10-Q filed with the SEC on June 2, 2025, there were approximately 30,887,075 Shares outstanding).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,750,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,750,000
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MAGNETAR FINANCIAL LLC

Signature:	/s/ Hayley Stein
Name/Title:	Hayley Stein, Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:	08/08/2025

MAGNETAR CAPITAL PARTNERS LP

Signature:	/s/ Hayley Stein
Name/Title:	Hayley Stein, Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:	08/08/2025

SUPERNOVA MANAGEMENT LLC

Signature:	/s/ Hayley Stein
Name/Title:	Hayley Stein, Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:	08/08/2025

DAVID J. SNYDERMAN

Signature:	/s/ Hayley Stein
Name/Title:	Hayley Stein, Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:	08/08/2025

Comments accompanying signature: MAGNETAR FINANCIAL LLC BY: Magnetar Capital Partners LP, its Sole Member BY: Supernova Management LLC, its General Partner MAGNETAR CAPITAL PARTNERS LP By: Supernova Management LLC, its General Partner

Exhibit Information

99.1 Joint Filing Agreement, dated as of August 8, 2025, among the Reporting Persons. 99.2 Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on August 8, 2025.

FAQ

How many New Providence Acquisition Corp. III shares does Magnetar own?

The filing states Magnetar-related funds collectively own 1,750,000 Class A ordinary shares.

What percentage of NPAC's outstanding shares is owned by Magnetar?

Magnetar’s holdings represent approximately 5.66 % of the outstanding shares.

Is Magnetar seeking control of New Providence Acquisition Corp. III?

No. The Schedule 13G certification says the shares were acquired in the ordinary course of business and not to influence control.

Does Magnetar have sole voting power over its NPAC shares?

No. The filing shows 0 shares with sole voting power; all 1.75 m shares are subject to shared voting and dispositive power.

Which entities are included in the Magnetar reporting group?

The group comprises Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman.