The (re)appearance of NGC 925 ULX-3, a new transient ULX
Hannah P. Earnshaw, Marianne Heida, Murray Brightman, Felix F\"urst,, Fiona A. Harrison, Amruta Jaodand, Matthew J. Middleton, Timothy P. Roberts,, Rajath Sathyaprakash, Daniel Stern, Dominic J. Walton

TL;DR
This paper reports the discovery and analysis of ULX-3 in NGC 925, a transient ultraluminous X-ray source exhibiting extreme variability, with implications for understanding accretion processes in ULXs.
Contribution
It presents the first detailed long-term observational study of ULX-3, revealing its transient nature and spectral properties, and discusses possible mechanisms behind its variability.
Findings
ULX-3 shows flux variability factor >26 over years.
Spectral analysis indicates a hard power-law spectrum in high states.
Long-term behavior may involve propeller effect or superorbital periods.
Abstract
We report the discovery of a third ULX in NGC 925 (ULX-3), detected in November 2017 by Chandra at a luminosity of erg s. Examination of archival data for NGC 925 reveals that ULX-3 was detected by Swift at a similarly high luminosity in 2011, as well as by XMM-Newton in January 2017 at a much lower luminosity of erg s. With an additional Chandra non-detection in 2005, this object demonstrates a high dynamic range of flux of factor >26. In its high-luminosity detections, ULX-3 exhibits a hard power-law spectrum with , whereas the XMM-Newton detection is slightly softer, with and also well-fitted with a broadened disc model. The long-term light curve is sparsely covered and could be consistent either with the propeller effect or with a large-amplitude…
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