Digital asset management platform Abra announced it will merge with special purpose acquisition company New Providence Acquisition Corp. III to go public. The merged company will be renamed Abra Financial and is scheduled to list on Nasdaq under the ticker symbol ABRX. The transaction values Abra at approximately $750 million pre-money, and the transaction is expected to bring the company up to approximately $300 million in funding (subject to redemption scenarios). Abra stated it will provide crypto custody, trading, yield, lending, and asset management services to institutional clients, family offices, and high-net-worth individuals.