Quarterly Report (10-Q)

New Providence Acquisition Corp., a blank-check company, completed its initial public offering on September 13, 2019, raising $230 million in gross proceeds through the sale of 23 million units at $10 per unit plus 6.1 million private placement warrants, with all proceeds deposited into a trust account to be used for identifying and completing a business combination within 21 months. The company is in early-stage formation with no operating revenues, minimal operating costs of approximately $95,700 through September 30, 2019, and generated net income of $86,668 primarily from interest earned on trust account holdings of $230.2 million invested in short-term U.S. Treasury securities.