Abra Goes Public on Nasdaq Through $750 Million SPAC Deal

Abra Financial Holdings, a digital asset wealth management platform, will go public through a $750 million SPAC deal with New Providence Acquisition Corp. III. The transaction values Abra at $750 million on a pre-money basis. Abra is targeting over $10 billion in assets under management by 2027. The announcement comes despite previous run-ins with federal and state regulators.