In brief
- Abra will list on Nasdaq as ABRX via a $750 million SPAC deal with New Providence Acquisition Corp. III.
- The firm targets over $10 billion in AUM by 2027, pitching itself as the first publicly traded SEC-registered digital asset RIA.
- Abra has faced multiple regulatory actions, including SEC and CFTC fines and an $82 million multi-state settlement.
Abra Financial Holdings, the San Francisco-based digital asset wealth management platform, said Monday it will go public through a business combination with New Providence Acquisition Corp. III, a special purpose acquisition company trading on Nasdaq under the ticker NPACU.
The combined company is expected to list on Nasdaq under the ticker symbol ABRX, the company said in a press…
