# EDGAR Filing Document

**Accession Number:** 0002048948
**File Stem:** 0001213900-26-041618
**Filing Date:** 2026-4
**Character Count:** 24725
**Document Hash:** 6d415daaa93e6a35b90755c7eae0b530
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-041618.hdr.sgml**: 20260409

**ACCESSION NUMBER**: 0001213900-26-041618

**CONFORMED SUBMISSION TYPE**: 425

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260409

**DATE AS OF CHANGE**: 20260408

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Providence Acquisition Corp. III/Cayman
- **CENTRAL INDEX KEY:** 0002048948
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42610
- **FILM NUMBER:** 26849277

**BUSINESS ADDRESS:**
- **STREET 1:** 401 S COUNTY ROAD #2588
- **CITY:** PALM BEACH
- **STATE:** FL
- **ZIP:** 33480
- **BUSINESS PHONE:** 5612317070

**MAIL ADDRESS:**
- **STREET 1:** 401 S COUNTY ROAD #2588
- **CITY:** PALM BEACH
- **STATE:** FL
- **ZIP:** 33480
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Abra Financial Holdings, Inc.
- **CENTRAL INDEX KEY:** 0002117764

**ORGANIZATION NAME:**
- **EIN:** 883693170
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 425

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 N. WEST STREET, SUITE 1200
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 94041
- **BUSINESS PHONE:** 707-340-3722

**MAIL ADDRESS:**
- **STREET 1:** 1000 N. WEST STREET, SUITE 1200
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 94041

***Filed by Abra Financial Holdings, Inc.***

***pursuant to Rule 425 under the U.S. Securities Act of 1933, as amended***

***and deemed filed pursuant to Rule 14a-12***

***under the Securities Exchange Act of 1934, as amended***

***Subject Company: New Providence Acquisition Corp. III***

***Commission File No.: 001-42610***

***Date: April 8, 2026***

 ****

On April 8, 2026, Abra Financial Holdings, Inc., party to the previously disclosed Business Combination Agreement, dated as of March 16, 2026, by and among Abra Financial Holdings, Inc. and New Providence Acquisition Corp. III, among other parties, announced that its Chief Executive Officer participated in an interview on Yahoo Finance TV. A transcript of the interview is set forth below.

**Host:** Jared Blikre

**Guests:** Bill Barhydt, CEO, Abra

**Show:** Yahoo Finance TV \| Asking for a Trend

**Wednesday, April 8, 2026 (aired 4:30 pm ET)** 

**Jared Blikre:** Hello and welcome to Asking For a Trend. Bitcoin on the move, with prices climbing as investors react to the revolving landscape in Iran. For more, we're bringing in Bill Barhydt, founder and CEO of Abra. Thank you for joining us here today. Let's talk about Bitcoin. We are seeing move hiring, a lot of cryptocurrencies today. Maybe a relief rally, but talk to us about the dynamics at play here. Is this a lasting rally?

**Bill Barhydt:** Well, look, I think the markets have been looking for a spark. Crypto markets tend to be, you know, I've used the phrase liquidity suck, which means they basically act as a sponge for global liquidity, right? I think U.S. liquidity is rising. It's been on the move. ISM is moving in the right direction. Global liquidity, China is going to be spending. I think the spigots are going to be turned on for massive amounts of government spending once this is done. And maybe we're seeing a little bit of front running that. Actually, I think we're kind of in a sideways pattern. For crypto, in particular, sideways is a wide swath because it's so volatile, right? So, I do think we're mostly sideways, but at the same time, the short term trends have turned bullish, and then the question is, do we have a sustained spark to take advantage of the liquidity that's clearly coming?

**Jared Blikre:** Yeah, so, what... I'm trying to make a sense of the price action this year, because Bitcoin was doing pretty poorly, although in March, it was really interesting. At the start of the war, all throughout March, Bitcoin actually rose a little bit.

**Bill Barhydt:** Yep.

**Jared Blikre:** Is it because that's a geopolitical hedge? I mean, we've heard many people assert this before, but it hasn't always been seen that way in reality, when you match up the headlines with the tape. How are you seeing this?

**Bill Barhydt:** Yeah, I think it was oversold at the time, and I think it just got a nice bump off of long term moving averages at the time. If I remember correctly, I'd have to go back and look at the charts, but I think that's what happened. So, like I said, to me, after the election, right, the hangover of the price, as it relates to regulatory uncertainty, was fixed, right? And I think Bitcoin was probably, you know, half the price it should have been, and hence, you know, the price, more or less, doubled after the election. So that kind of regulatory uncertainty burden was lifted off of the shoulders of Bitcoin and Bitcoin holders. Now it's about liquidity and uncertainty. And I think we didn't get the liquidity last year, because interest rates remained stubbornly high. A lot of geopolitical turmoil around, you know, who wants to buy U.S. debt going forward? Who is a net seller of debt, who's a net buyer of debt? We saw interest rates spike after Fed lowering rates. Normally, that doesn't happen, and it points to more structural issues. So, to me, it points to, we may not call it quantitative easing, we may not call it yield curve control. We may come up with fancier names going forward. But to me, it amounts to significant injections of government-funded liquidity in the coming months. And I wouldn't be surprised if we start to front-run that liquidity injection very soon.

**Jared Blikre:** Okay, let me bring in PolyMarket here, because we got some odds to disclose. 69% are betting that Bitcoin hits $80,000 in 2026. So I'm wondering, is that- do you think there's enough liquidity coming to get Bitcoin to $80,000, and I'm looking at the price now, it's $71,000. $80,000 is not that far away. Bitcoin's very volatile, and yet 69% to me almost seems really low.

**Bill Barhydt**: It does. Honestly, to me, the bigger question is, can Bitcoin hit an all-time high this year?

**Jared Blikre:** Yeah.

**Bill Barhydt:** Because the numbers you're the numbers you're giving me are basically sideways action for Bitcoin, right? To me, right now, anything between 54 and 100 is sideways, right? And that's, unfortunately, the wide band given the historical volatility of Bitcoin that we're gonna find ourselves in until we choose a direction. I think, given the amount of money printing coming, as I said, the direction is higher, and so, in my mind, it's a 65% chance of all-time highs before the end of the year. And so, I'd be shocked if we didn't revisit, certainly, 100K later this year – fall probably at the latest. And then the question is, do we have enough impetus to go to 150K, this year, or does it have to be next year? We'll see.

**Jared Blikre:** I agree with you there. Let's talk about your business – DeFi lending versus private credit. And private credit has been in the news – a lot of chinks in the armor there. But talk to us about DeFi base versus, you know, the private credit markets, anything that they can offer there that maybe the private markets can't muster.

**Bill Barhydt:** Sure. So we're a registered investment advisor. We help our client as a fiduciary, figure out the best way to get exposure to digital assets, and for clients who already have exposure to digital assets, lending and borrowing against your Bitcoin is often a fantastic solution. It's tax efficient 'cause you're not paying capital gains. You get to ride future gains, and if the price continues to rise, you can often borrow more. Now, in terms of the difference of DeFi versus traditional, centralized, lending or private credit, right, if you pay attention to what happened in the last cycle, a lot of the woes of the last cycle were around counterparty risk related to yield and lending, right? And so, the beauty of the DeFi markets are that they basically eliminate corporate counterparty risk, and you have more technology counterparty risk, which is real, but it's being diminished more and more as time goes on. And I suspect, you know, they'll be growing acceptance that these lending marketplaces, like, you know, Aave, Morpho, and others, that we take advantage of, are rock solid and a great place for clients to operate, and are often way more cost-efficient than the centralized brethren as well.

**Jared Blikre:** Uh, final question here. I will get you out on this. I believe your company just announced a $750 million SPAC to list your company on NASDAQ, under the Ticker ABRX. I gotta ask you, why now? Because we're seeing a lot of volatility, not that we haven't over the last year, but why in particular now?

**Bill Barhydt:** So we didn't really try to time anything, right? It's more or less a never-ending timeline for Abra of – what do we have to continue to do to push the envelope to make our services available, create awareness, build trust with the public, et cetera, et cetera. And this is that next step. For us, we knew, coming out of the last contagion I mentioned, that in order to build trust with other wealth advisors, financial institutions, family offices, high net worth clients – being an RIA under the tutelage of the SEC, being a public company that would do regular reporting, being eventually a qualified custodian… All of these things are checkmarks that I think exude trust, build staying power, and send a clear message to the public, our clients and investors. Abra's real, Abra's here to stay. Abra's pushing the envelope on the future of asset tokenization, which is, you know, one of our big three pushes this year: facilitating lending, facilitating asset tokenization, and facilitating wealth advisors to get into the crypto space. We can best do that as a public company, in my opinion.

**Jared Blikre:** All right, and I wish you the best on your listing there. Thank you for stopping by, Bill.

**Bill Barhydt:** Good to see you. Thank you.

***IMPORTANT LEGAL INFORMATION***

 ****

New Providence Acquisition Corp. III ("SPAC") and Abra Financial Holdings, Inc. ("Abra") intend to file a Registration Statement on Form S-4 (as may be amended, the "Registration Statement") with the SEC, which will include a definitive proxy statement to SPAC shareholders in connection with SPAC's solicitations of proxies from its shareholders with respect to the transactions related to the proposed business combination (the "Transactions") among SPAC, Abra and Aether Merger Sub I, Corp. pursuant to the Business Combination Agreement, dated March 16, 2026, between the parties (the "Business Combination Agreement"), and other matters to be described in the Registration Statement, and a prospectus relating to the offer of the securities to be issued in connection with the Transactions. After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus and other relevant documents will be mailed to the shareholders of SPAC as of a record date to be established for voting on the Transactions and will contain important information about the Transactions and related matters. Shareholders of SPAC and other interested persons are advised to read, when available, these materials (including any amendments or supplements thereto) and any other relevant documents, because they will contain important information about SPAC, Abra and the Transactions. Shareholders and other interested persons will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other relevant materials in connection with the Transactions, without charge, once available, at the SEC's website at www.sec.gov or by directing a request to: New Providence Acquisition Corp. III, 401 S County Road #2588, Palm Beach, FL 33480, Attn: Leo Valentine, Chief Financial Officer. The information contained on, or that may be accessed through, the websites referenced in this communication in each case is not incorporated by reference into, and is not a part of, this communication.

***Participants in Solicitation***

SPAC, Abra and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies of SPAC's shareholders in connection with the Transactions. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of SPAC's directors and officers in SPAC's SEC filings. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to SPAC's shareholders in connection with the Transactions will be set forth in the proxy statement/prospectus for the Transactions when available. Information concerning the interests of SPAC's and Abra's participants in the solicitation, which may, in some cases, be different than those of their respective equity holders generally, will be set forth in the proxy statement/prospectus relating to the Transactions when it becomes available.

This communication is not a substitute for the Registration Statement or for any other document that SPAC and Abra may file with the SEC in connection with the Transactions. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTIONS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTIONS.

***No Offer or Solicitation***

This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act or an exemption therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

***Forward-Looking Statements***

 ****

This communication contains forward-looking statements within the meaning of the U.S. federal securities laws with respect to the parties and the Transactions (which include, but are not limited to, Abra management forecasts). SPAC's and/or Abra's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. For example, statements concerning expectations related to and potential benefits of the proposed business combination and related transactions, Abra's business plans, projections of Abra's future financial performance, and other estimates and forecasts concerning key performance metrics, milestones, and market opportunity are forward-looking statements. No representations or warranties, express or implied are given in, or in respect of, this communication. These forward-looking statements generally are identified by the words "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believe," "predict," "potential," "continue," and similar expressions.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of Abra and SPAC and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; (2) the Transactions not being completed in a timely manner or not being completed by SPAC's business combination deadline; (3) the outcome of any legal proceedings that may be instituted against the parties following the announcement of the Transactions and definitive agreements with respect thereto; (4) the inability to complete the Transactions, including due to failure to obtain approval of the shareholders of Abra and SPAC or other conditions to Closing; (5) the inability to obtain or maintain the listing of the public company's shares on Nasdaq or another national securities exchange following the Transactions; (6) the ability of SPAC to remain current with its SEC filings; (7) the risk that the Transactions disrupts SPAC's and/or Abra's current plans and operations as a result of the announcement and consummation of the Transactions; (8) the ability to recognize the anticipated benefits of the Transactions, which may be affected by, among other things, competition, the ability of SPAC and Abra after the Closing to grow, manage growth and retain its key employees; (9) costs related to the Transactions and as a result of becoming a public company that may be higher than currently anticipated; (10) regulatory uncertainty regarding digital assets and digital asset-based products and services in various jurisdictions; (11) changes in business, market, financial, political and regulatory conditions; (12) Abra's anticipated operations and business, including risks related to the highly volatile nature of the prices of digital assets, market liquidity and the demand for digitals assets generally; (13) the go-forward public company's trading prices and other performance indicators will be highly correlated to the value of other digital assets and the price of digital assets may decrease between the signing of the definitive documents for the Transactions and the closing of the Transactions or at any time after the closing of the Transactions; (14) increased competition in the industries in which the go-forward public company will operate; (15) treatment of crypto assets for U.S. and foreign securities laws and tax purposes; (16) the inability of Abra to implement business plans, forecasts, and other expectations after consummation of the Transactions; (17) the risk that additional financing in connection with the Transactions, or additional capital needed following the Transactions to support Abra's business or operations, may not be raised on favorable terms or at all; (18) the evolution of the markets in which Abra competes; (19) the ability of Abra to implement its strategic initiatives and continue to innovate its existing products and services; (20) the level of redemptions of SPAC's public shareholders; (21) being considered to be a "shell company" by the securities exchange on which SPAC's common stock will be listed or by the Securities and Exchange Commission (the "SEC"), which may impact the ability to list SPAC's common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; (22) trading price and volume of SPAC's common stock may be volatile following the Transactions and an active trading market may not develop; (23) SPAC shareholders may experience dilution in the future due to the exercise of a significant number of existing warrants and any future issuances of equity securities in SPAC; (24) investors may experience immediate and material dilution upon Closing as a result of the Founder Shares held by the Sponsor, since the value of the Founder Shares is likely to be substantially higher than the nominal price paid for them, even if the trading price of SPAC common stock at such time is substantially less than the price per share paid by investors; (25) conflicts of interest that may arise from investment and transaction opportunities involving the Company, its affiliates and other investors and clients; (26) digital assets' trading venues may experience greater fraud, security failures or regulatory or operational problems than trading venues for more established asset classes; (27) the custody of Abra's digital assets, including the loss or destruction of private keys required to access its digital assets and cyberattacks or other data loss relating to its digital assets, which could cause Abra to lose some or all of its digital assets; (28) aspects of Abra's business involve novel products, cryptocurrencies and tokens, which may not be attractive in the marketplace, once available, or may take longer to develop, implement and become widely adopted, or may face regulatory or other challenges (foreseen or unforeseen) that are greater or more challenging to resolve than Abra management currently anticipates; (29) a security breach or cyber-attack and unauthorized parties obtain access to digital assets held by Abra, Abra may lose some or all of its digital assets temporarily or permanently and its financial condition and results of operations could be materially adversely affected; (30) the emergence or growth of other digital assets, including those with significant private or public sector backing, including by governments, consortiums or financial institutions, could have a negative impact on the value or price of digital assets utilized in Abra's business and adversely affect Abra's business; (31) risks related to staking, yield and lending products; (32) risks related to stablecoins such as depegging; (33) potential regulatory classification of digital assets applicable to Abra's business as securities could lead to Abra's classification as an "investment company" under the Investment Company Act of 1940 and could adversely affect the market price of digital assets and the market price of the go-forward public company's listed securities or impact the parties' ability to consummate the Transactions and the go-forward public company's ability to continue or scale Abra's operations following the Closing; and (34) other risks and uncertainties included in (x) the "Risk Factors" sections of SPAC's final prospectus in connection with its initial public offering, filed with the SEC on April 24, 2025 (the "IPO Prospectus") and (y) other documents filed or to be filed with or furnished or to be furnished to the SEC by SPAC and/or Abra, including in connection with the Transactions.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the IPO Prospectus and the Registration Statement referenced above, when available, and other documents filed by SPAC and Abra from time to time with the SEC. These filings will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. There may be additional risks that neither SPAC nor Abra presently knows, or that SPAC and/or Abra currently believe are immaterial, that could cause actual results to differ from those contained in the forward-looking statements. For these reasons, among others, investors and other interested persons are cautioned not to place undue reliance upon any forward-looking statements in this communication. Past performance by SPAC's or Abra's management teams and their respective affiliates is not a guarantee of future performance. Therefore, you should not place undue reliance on the historical record of the performance of SPAC's or Abra's management teams or businesses associated with them as indicative of future performance of an investment or the returns that SPAC or Abra will, or may, generate going forward. Neither SPAC nor Abra undertakes any obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this communication, except as required by applicable law.