07:59 AM EDT, 03/16/2026 (MT Newswires) -- New Providence Acquisition III (NPACU) and digital wealth management platform Abra Financial Holdings said Monday that they have entered into a definitive merger agreement for a transaction that will take Abra public.

Under the terms of the business combination, New Providence will be renamed Abra Financial and its common stock is expected to be listed on Nasdaq under the ticker symbol "ABRX," the company said.

Existing equity holders of Abra will roll 100% of their interests into newly issued combined company securities based on a $750 million equity value of Abra and are expected to hold majority shareholding in the combined company immediately after the closing.

Abra expects to use the proceeds for working capital and other purposes, including further development of its management growth strategies, increased sales and marketing spend, the company said.