Under the terms of the agreement, the combined company will be renamed Abra Financial, and its common stock is expected to be listed on Nasdaq under the ‘ABRX’ ticker symbol.
Abra Financial Holdings (Abra), a prominent platform specialising in crypto-native products and wealth management, has signed a definitive agreement with New Providence Acquisition Corp III (New Providence), a special purpose acquisition company, to merge and take Abra’s business public. The deal will assign Abra a pre-money equity value of US$750m Under the terms of the agreement, the combined company will be renamed Abra Financial, and its common stock is expected to be listed on Nas