Abra, A Digital Asset Wealth Management Platform, To Become A Public Company Via Business Combination With New Providence Acquisition Corp. Iii

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

• 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 - DEAL BASED ON $750 MILLION PRE-MONEY EQUITY VALUE; ABRA STOCKHOLDERS TO ROLL 100% INTERESTS

• NEW PROVIDENCE ACQUISITION CORP III - DEAL EXPECTED TO DELIVER UP TO $300 MILLION CASH HELD IN TRUST

• NEW PROVIDENCE ACQUISITION CORP III - COMBINED COMPANY TO BE NAMED ABRA FINANCIAL, INC.; STOCK TO TRADE AS 'ABRX' ON NASDAQ

• NEW PROVIDENCE ACQUISITION CORP III: ABRA EQUITY HOLDERS EXPECTED TO HOLD MAJORITY OF COMBINED CO'S SHARES OUTSTANDING IMMEDIATELY AFTER DEAL