Abra strikes $750M SPAC merger to list as ABRX, seeks up to $300M to expand crypto lending and custody
Abra will go public via a SPAC merger valued at $750 million, with the deal potentially providing up to $300 million in cash for growth [1].
Abra, a San Francisco–based digital-asset wealth management firm, has agreed to merge with New Providence Acquisition Corp. III (NPACU) in a SPAC transaction that assigns Abra a pre-money equity valuation of $750 million and would have the combined company list on Nasdaq under the ticker ABRX; the deal could provide up to $300 million from trust funds depending on redemption levels [1] [2] [3].
Company executives and filings say the transaction is intended to supply growth capital to expand institutional crypto lending, yield and custody offerings, with as much as $300 million in cash available depending on investor redemptions; Abra previously reached settlements with the SEC and 25 state regulators in 2024 related to compliance matters [3] [1].
If completed, the business combination will result in Abra’s shares trading on Nasdaq as ABRX, marking the company’s transition to a publicly listed digital-asset wealth manager [1] [4].
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Citations
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- 1Abra (ABRX) Stock: Crypto Wealth Platform Going Public via $750M SPAC DealBlockonomi• Mar 16, 2026
- 2Abra Crypto Platform Eyes Nasdaq Listing In $750M DealYellow• Mar 16, 2026
- 3Crypto wealth platform Abra to go public through $750 million SPAC dealCoinDesk• Mar 16, 2026
- 4Crypto wealth manager Abra to list on Nasdaq in blockbuster $750 million mergerCrypto Briefing• Mar 16, 2026
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