Abra to Go Public via Merger with New Providence Acquisition Corp. III
- 5 days ago
- 1 min read
Business Wire. (2026, March 16). Abra, a Digital Asset Wealth Management Platform, to Become a Public Company via Business Combination With New Providence Acquisition Corp. III. Business Wire.
Abra has entered into a definitive business combination agreement with New Providence Acquisition Corp. III to transition into a publicly traded entity.
The combined company will be renamed Abra Financial, Inc. and is expected to list on the Nasdaq under the ticker symbol ABRX.
The transaction is based on a pre-money equity value for Abra of $750 million.
Existing Abra equity holders, including prominent firms like Pantera Capital and Blockchain Capital, will roll 100% of their interests into the new company.
The merger is expected to provide up to $300 million in cash held in trust to fund future growth and platform scaling.
Abra operates as an SEC-registered investment advisor offering custody, trading, yield strategies, and lending services for digital assets.
Management has set a strategic target to exceed $10 billion in assets under management by the end of 2027.