Abra announces $750M SPAC merger to list on Nasdaq as ABRX, focusing on institutional crypto wealth services with ambitious ...

Abra will go public through a $750M SPAC merger with New Providence and plans to list on Nasdaq under ticker ABRX.

The merger is expected to deliver as much as $300 million in cash, which will be used to expand its institutional crypto lending, yield, and custody offerings.

In the run-up to tighter regulatory scrutiny introduced a few years ago, SPAC merger candidates could also publish detailed long-term forecasts to drum up investor support. Many of those financial ...