Abra to list on Nasdaq via $750M SPAC merger

Digital asset firm Abra Financial Holdings will go public through a merger with New Providence Acquisition Corp. III. The deal sets Abra’s pre-money equity valuation at $750 million.

The combined entity will operate as Abra Financial Inc. It expects to list on the Nasdaq under the ticker symbol ABRX.

The transaction provides up to $300 million in cash from the SPAC trust. Existing Abra shareholders will roll over 100% of their equity.

Both boards have approved the merger. The deal expects to close by October 15, 2026, pending shareholder and regulatory approvals.