ME News message, March 16 (UTC+8), according to official news, the digital asset wealth management platform Abra Financial Holdings, Inc. today announced a final merger agreement with the special purpose acquisition company New Providence Acquisition Corp. III (Nasdaq: NPACU) to go public through a SPAC. The new company is expected to be listed on Nasdaq after the merger, with the stock code "ABRX". The core transaction terms include: Transaction valuation: Based on Abra's pre-money equity valuation of $750 million; Capital injection: The transaction is expected to bring in up to $300 million in cash (held in a trust account, subject to shareholder redemptions); Shareholder structure: Existing Abra shareholders will transfer 100% of their equity to the merged company, including well-known institutions such as Adams Street, Blockchain Capital, Pantera Capital, RRE Ventures, and SBI; Market positioning: Serving the $100 trillion wealth management market, focusing on digital assets and tokenization track. (Source: ME)
