March 16 (Reuters) - New Providence Acquisition Corp III ( NPAC )

:

* ABRA, A DIGITAL ASSET WEALTH MANAGEMENT PLATFORM, TO

BECOME A PUBLIC COMPANY VIA BUSINESS COMBINATION WITH NEW

PROVIDENCE ACQUISITION CORP. III

* NEW PROVIDENCE ACQUISITION CORP III ( NPAC ) - DEAL BASED ON $750

MILLION PRE-MONEY EQUITY VALUE; ABRA STOCKHOLDERS TO ROLL 100%

INTERESTS

* NEW PROVIDENCE ACQUISITION CORP III ( NPAC ) - DEAL EXPECTED TO

DELIVER UP TO $300 MILLION CASH HELD IN TRUST

* NEW PROVIDENCE ACQUISITION CORP III ( NPAC ) - COMBINED COMPANY TO

BE NAMED ABRA FINANCIAL, INC.; STOCK TO TRADE AS 'ABRX' ON

NASDAQ

* NEW PROVIDENCE ACQUISITION CORP III ( NPAC ): ABRA EQUITY HOLDERS

EXPECTED TO HOLD MAJORITY OF COMBINED CO'S SHARES OUTSTANDING

IMMEDIATELY AFTER DEAL

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