Abra Financial Holdings has announced its entry into a definitive business combination agreement with New Providence Acquisition Corp. III, paving the way for the company's public listing.
The deal values Abra at $750 million pre-money and will see the company list on Nasdaq under the ticker 'ABRX' once the merger is completed.
Founded in 2014, Abra offers a range of crypto-native services to institutions and high-net-worth clients, including segregated custody, trading, yield strategies, collateralized lending, and advisory services through its SEC-registered investment advisor.