Crypto company Abra to go public in blank-check merger [Yahoo! Finance]
New Providence Acquisition Corp. III - Units (NPACU)
Company Research
Source: Yahoo! Finance
March 16 (Reuters) - Crypto wealth management platform Abra plans to go public through a merger ?with blank-check firm New Providence Acquisition Corp III, ?amid renewed investor interest in digital asset companies, Abra said ?on Monday. After the transaction closes, the combined company will operate as Abra Financial Holdings, Inc., and anticipates listing on the Nasdaq exchange. Here are some details: * The transaction ?is based on ?a $750 million pre-moneyequity value of Abra * Existing Abra investors, including Pantera Capital andAdams Street, ?will roll 100% of their interests into thecombined company * "This is just the next logical step for us," ?said BillBarhydt, ?founder and CEO of ?Abra, in an interview. "We ?believethat we're headed for really big things, big growth in thecoming years." * Abra offers crypto custody, trading and lending forregistered investment advisers, private clients, family officesand hedge funds, and is itself a registered investment adviser * ?A
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News
- Crypto Wealth Platform Abra To Go Public Via SPAC Deal [Yahoo! Finance]Yahoo! Finance
- Crypto Firm Abra to Go Public on Nasdaq in $750 Million SPAC Deal [Yahoo! Finance]Yahoo! Finance
- Abra, a Digital Asset Wealth Management Platform, to Become a Public Company via Business Combination With New Providence Acquisition Corp. IIIBusiness Wire
- With 63% ownership, New Providence Acquisition Corp. III (NASDAQ:NPAC) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance