Abra plans to go public on Nasdaq through a SPAC merger with a valuation of $750 million.

SmartContractAuditor

2026-03-16 12:08:25

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Odaily Planet Daily reports that according to official sources, digital asset wealth management platform Abra Financial Holdings, Inc. announced today that it has reached a definitive merger agreement with special purpose acquisition company New Providence Acquisition Corp. III (Nasdaq: NPACU) to go public via SPAC. The new company is expected to be listed on Nasdaq under the stock symbol “ABRX” after the merger. The key terms of the transaction include:

Transaction valuation: Based on Abra’s pre-money equity valuation of $750 million;

Capital injection: The deal is expected to bring in up to $300 million in cash (held in trust, net of shareholder redemptions);

Shareholder structure: Existing Abra shareholders will transfer 100% of their equity into the combined company, including well-known institutions such as Adams Street, Blockchain Capital, Pantera Capital, RRE Ventures, and SBI;

Market positioning: Serving the $100 trillion wealth management market, focusing on digital assets and tokenization sectors.

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