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 a blank-check company to list on Nasdaq. The deal with New Providence Acquisition Corp. III would deliver up to $300 million in cash to fund expansion of Abra's institutional lending, yield, and custody business—now the company's sole focus after it shut down its retail operations amid enforcement actions.
Updated Mar 16
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
