[Abra Plans to Go Public on Nasdaq via SPAC Merger, Valuation at $750 Million] Odaily Planet Daily reports, according to official sources, the digital asset wealth management platform Abra Financial Holdings, Inc. announced today that it has entered into a definitive merger agreement with special purpose acquisition company New Providence Acquisition Corp. III (Nasdaq: NPACU) to go public via a SPAC. The merged company is expected to list on Nasdaq under the ticker symbol 'ABRX.' Key terms of the transaction include: - Transaction valuation: Based on Abra's pre-money equity valuation of $750 million. - Capital injection: The transaction is expected to bring up to $300 million in cash (held in a trust account, subject to shareholder redemptions). - Shareholder structure: Abra's existing shareholders will transfer 100% of their equity into the merged company, including well-known institutions such as Adams Street, Blockchain Capital, Pantera Capital, RRE Ventures, and SBI. - Market positioning: Targeting the $100 trillion wealth management market, with a focus on digital assets and tokenization.