Special Purpose Acquisition Company (SPAC)
Appears in 1 story
Merging with Abra; approximately $302 million in trust
Abra, a cryptocurrency wealth management platform that paid more than $83 million in regulatory settlements over the past two years, announced a $750 million merger with New Providence Acquisition Corp. III to list on Nasdaq. The deal would deliver $300 million in cash for institutional lending, yield, and custody—now Abra's sole focus after shutting down retail operations amid enforcement actions.
Updated May 30
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