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Alexander Coleman

Alexander Coleman

Chairman of New Providence Acquisition Corp. III

Appears in 1 story

Stories

Crypto companies race to public markets as industry sheds post-FTX stigma

Money Moves

Leading SPAC through merger with Abra

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 custodyโ€”now Abra's sole focus after shutting down retail operations amid enforcement actions.

Updated May 30