Crypto asset manager Abra, which had $334 million in assets under management (AUM) at the end of 2025, is listing on the Nasdaq via a SPAC merger with New Providence Acquisition Corp III. The company aims to grow AUM to $2 billion in 2026 and $11 billion in 2027, with the SPAC deal valuing Abra at $750 million pre money.

The combined company plans to serve high net worth individuals, institutions, funds and RIA clients. Abra Capital Management is a registered investment adviser (RIA) with the SEC, with a single affiliated individual with around a year’s experience.

However, the Abra brand carries a complicated history creating confusion. The company’s founder and CEO Bill…