Abra is set to go public through a merger with New Providence Acquisition Corp. III, valuing the crypto wealth manager at $750 million.
The combined company is expected to list on Nasdaq under the ticker ABRX, as Abra looks to tap public markets for growth capital.
Existing investors including Pantera Capital and Blockchain Capital will roll over their shares into the new entity rather than exiting.
Abra plans to focus on crypto wealth management services, including custody, yield strategies, crypto-backed lending and trading for institutional clients.
The company has been restructuring after settling with US regulators over its lending product, shifting its strategy toward institutional and high-net-worth investors. Following the announcement the Abra share price was unavailable.
The deal highlights renewed interest in SPAC mergers as crypto firms seek faster access to public markets despite regulatory and valuation risks.
Abra joins a growing list of digital asset companies pursuing listings, as the sector looks to attract traditional capital and expand institutional adoption.