New Providence Acquisition Corp. III/Cayman

proxy statement or other report or d ocu ment to be filed or furnished with the SEC by SPAC or the Company. Trademarks and Intellectual Property All trademarks, service marks, and trade names of any Party or their respective affiliates used herein are trademarks, servic e m arks, or registered trade names of such Party or its respective affiliate, respectively, as noted herein. Any other product, company names, or logos mentioned herein are the trademarks and/or intellec tua l property of their respective owners, and their use is not alone intended to, and does not alone imply, a relationship with any Party, or an endorsement or sponsorship by or of any Party. Solely for conv eni ence, the trademarks, service marks and trade names referred to in this Presentation may appear without the *, TM or SM symbols, but such references are not intended to indicate, in any way, that a ny Party or the applicable rights owner will not assert, to the fullest extent under applicable law, their rights or the right of the applicable owner or licensor to these trademarks, service marks and trade na mes . AbraFi and USDAF USDAF is a synthetic stablecoin product of AbraFi, which is not a subsidiary or affiliate of Abra. USDAF will not be availabl e t o U.S. persons directly. U.S. clients of Abra Capital Management LP, which is a Registered Investment Adviser (RIA) and an indirect subsidiary of Abra Financial Holdings, Inc., may obtain indirect investme nt exposure to USDAF through advisory strategies offered by Abra. PROPRIETARY AND CONFIDENTIAL INVESTOR DECK 5

Disclaimer DISCLAIMER (Continued) Additional Information and Where to Find It In connection with the Business Combination, a registration statement on Form S - 4 (as amended or supplemented from time to time, the “Registration Statement”) will be filed with the SEC, which will include a preliminary proxy statement/prospectus of SPAC and a prospectus of the Company (the “Proxy Statement/Prospectus”). The defi nit ive proxy statement and other relevant documents will be mailed to shareholders of SPAC as of a record date to be established for voting on the Transactions and other matters as described in t he Proxy Statement/Prospectus. SPAC and the Company will also file other documents regarding the Transactions with the SEC. This Presentation does not contain all of the information that should be c ons idered concerning the Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION , S HAREHOLDERS OF SPAC AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINI TIV E PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH SPAC’S SOLI CIT ATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN TH E P ROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT SPAC, THE COMPANY AND THE TRANSACTIONS. In vestors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents f ile d or that will be filed with the SEC by SPAC and the Company, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: 401 S County Road #2588, Palm Beach, Florid a 3 3480, or upon written request to SPAC, via email at ir@newprovidenceacquisition.com. NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED HEREIN, PAS SED UPON THE MERITS OR FAIRNESS OF THE TRANSACTIONS OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS CU RRE NT REPORT. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE. Participants in Solicitation SPAC and the Company and their respective directors, executive officers, certain of their shareholders and other members of m ana gement and employees may be deemed under SEC rules to be participants in the solicitation of proxies from SPAC’s shareholders in connection with the Transactions. A list of the names of such persons, and information regarding their interests in the Transactions and their ownership of SPAC’s securities are, or will be, contained in SPAC’s filings with the SEC, including the IPO Prospectus and SPAC’s Quarterly Report on Form 10 - Q for the period ended September 30, 2025, filed with the SEC on November 14, 2025. Additional information regarding the interests of the persons who may, under S EC rules, be deemed participants in the solicitation of proxies of SPAC’s shareholders in connection with the Transactions, including the names and interests of SPAC’s directors and executive officer s, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by SPAC and the Company with the SEC. Investors and security holders may obt ain free copies of these documents as described above. PROPRIETARY AND CONFIDENTIAL INVESTOR DECK 6

EXECUTIVE SUMMARY

ABRA COMPANY INTRODUCTION 0 8 Executive Summary PROPRIETARY AND CONFIDENTIAL EXECUTIVE SUMMARY 8 Growth Trajectory Since obtaining RIA status in mid - 2024, AUM has grown rapidly with ~$5 4 0M of new deposits in 2025 at the time of deposit (nearly 5 x YoY); near - term initiatives positioned to accelerate further expansion Abra Financial Holdings, Inc. (Abra) is a rapidly scaling digital asset wealth platform delivering specialized products and s erv ices in the evolving digital asset market to institutions and high - net - worth clients Core Focus & Security Designed to meet rigorous institutional demands via proprietary software / systems offering top - tier account security, reduced c ounterparty risk, and competitive advantages in trading, investing, collateralized borrowing, and tokenization Target Clients Abra serves institutional investors, high - net - worth individuals, family offices, and wealth managers through its RIA business, w hich provides institutional - grade fiduciary services, as well as through other distribution channels offering integrated digital asset solutions Revenue - Generating Divisions Abra Capital Management (ACM): SEC - registered Investment Advisor (RIA) generating fees from assets under management (AUM) via custody, yield, lending, and trading services Abra Tokenize : Operating segment within Abra that focuses on structured tokenization products and client solutions, leveraging AbraFi’s on - chai n system for real - world assets (RWA) tokenization, earning from stablecoin fiduciary roles, yield, lending, and RWA management (1) Tokenization Abra is uniquely positioned to capitalize on the pace and scale of RWA tokenization – which BlackRock is forecasting to exceed $ 1T by the end of 2030 – encompassing stocks, real estate, bonds, commodities etc. (NYSE/ICE has begun exploring the tokenization of equities and ETFs , i ncluding the potential for 24/7 trading) Leadership Advantage Founded & led by Bill Barhydt, a well - respected leader in the cryptocurrency and blockchain industry, and positioned to scale the platform with robust security and execution for high - value participants (1) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USDA F. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM.

ABRA TO GO PUBLIC IN PARTNERSHIP WITH NPAC 0 9 PROPRIETARY AND CONFIDENTIAL EXECUTIVE SUMMARY 9 • New Providence Acquisition Corp. III (NASDAQ: NPAC) is a Nasdaq - listed SPAC sponsored by New Providence with approximately $301.7M cash in trust and a mandate to partner with high - growth companies positioned for the public markets Transaction Partnership with Abra Executive Summary NPAC’s Competitive Edge • Experienced sponsor with deep private equity, operating and capital markets expertise • Proven SPAC track record including AST SpaceMobile (NASDAQ: ASTS) which has raised $5B+ in capital since listing NPAC Summary • NPAC believes Abra is uniquely positioned to become a leading institutional digital asset wealth platform, with differentiated capabilities across custody, asset management and yield as adoption of regulated digital asset infrastructure accelerates • NPAC brings: o Public markets execution experience o Institutional investor network o Operational partnership to scale growth as a public company • 25+ years in private equity, specializing in US middle - market companies in consumer goods, services, and manufacturing • F ounded Annex Capital and co - led funds at Citi and Allianz • S erved as CEO/Chairman/Director for various firms Alexander Coleman Co - CEO & Chairman • 35+ years of leadership experience in global consumer businesses • Former CEO of Red Bull North America • Led acquisition and integration of numerous, complementary brands prior to sale to Dr Pepper Gary Smith Co - CEO & Chairman NPAC Team

BACKGROUND & KEY MILESTONES 0 10 PROPRIETARY AND CONFIDENTIAL EXECUTIVE SUMMARY 10 Bill Barhydt – Founder & Chief Executive Officer • Engineer and applied mathematician • Involved with the first commercial web browser • Early builder of cross border mobile banking service • Launched Abra initially for synthetic stablecoins • Identified market opportunity for larger market participants requiring governance, security, execution and opportunity Abra has built the first on - chain separately managed account (SMA), with years of domain experience bridging crypto native technologies and mainstream consumers Abra’s Evolution / Bill Barhydt’s Sector Leadership* Executive Summary Founded to launch the crypto market’s first synthetic stablecoin Developed early tokenized stock Proof of Concept Attained RIA status with the SEC Introduced Abra’s DeFi based loan product Exceeded $500M in aggregate new client deposits Launched synthetic stablecoin USDAF on the AbraFi network (1) Intro of mobile app for ACM customers planned for H1 2026 2014 2019 2024 2025 2026 * Material aspects of Abra's business previously developed by Bill Barhydt under Plutus Financial Holdings, Inc. (1) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USDA F. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM. Prior Experience

PROPRIETARY AND CONFIDENTIAL 11 EXECUTIVE SUMMARY DIGITAL ASSET INVESTOR EXPECTATIONS SHAPING FINANCE INNOVATION • Evolving Investor Demands — Rapidly shifting expectations exceed traditional institutions' capabilities, forcing accelerated innovation in digital markets, products, services, and providers to meet modern needs • Mobile - First Lifestyle — Smartphone ubiquity demands digital wallets, instant payments, and app - based banking for seamless engagement, retention, and 24/7 access • AI & Tech Advancements — AI/LLMs enable automated credit scoring, efficient loan approvals, and 24/7 chatbots; blockchain/distributed ledger technology (DLT) delivers faster, secure, transparent, intermediary - reduced transactions (e.g., cross - border) • Increased Competition & Disruption — Financial management platforms set new benchmarks with user - friendly speed in payments/loans, compelling traditional banks to digitize to stay relevant • Operational & Cost Efficiencies — Digitization significantly decreases branch/manual overhead, handles high data volumes efficiently, reduces errors, and automates security — enabling scalable, low - cost models • Macro & Structural Drivers — $2T+ private credit market fuels “originate - to - distribute" via digital platforms for syndication/securitization; drives "invisible banking"/BaaS, embedding seamless, real - time financial services into everyday apps / ecosystems (1) Structural Shifts Driving Adoption Executive Summary On - chain rails are eliminating the historical separation between banking, investing, and settlement (1) Source: IMF (April 2024).

PROPRIETARY AND CONFIDENTIAL 12 EXECUTIVE SUMMARY Executive Summary ON - CHAIN FINANCE – THE NEW CONVERGENCE ERA Convergence of Financial Services Digital markets are consolidating segregated Traditional Finance (TradFi) products (banking, wealth management, capital markets, settlement) into a single on - chain financial operating system Migration to On - Chain Rails Assets, settlement, yield, credit, and custody now operate on unified, programmable digital infrastructure with real - time global access Rise of Wealth Management & Digital Platforms Digital financial management platforms like Abra have the potential to capture tremendous value by providing singular points of access where private capital can be held, invested, borrowed, and compounded seamlessly Structural Shifts Driving Adoption Traditional centralized institutions face challenges with client trust for digital assets; assets are becoming natively digital/programmable, with clearer regulatory support for on - chain models User - Centric "Experience" Economy Legacy paper - heavy processes and boundaries between banking and investing cannot satisfy modern demands for instant, 24/7 convenience, personalized services, transparency, and real - time visibility Abra is a digital asset wealth platform delivering institutional - grade, on - chain solutions for digital asset management, yield, and integrated finance Abra's Central Role:

DIGITAL ASSET TRENDS SUPPORTING ABRA’S GROWTH & RELEVANCE: EVOLUTION TOWARDS INSTITUTIONAL ADOPTION 0 13 Executive Summary PROPRIETARY AND CONFIDENTIAL EXECUTIVE SUMMARY 13 Regulatory Progress Expansion of Use Cases Surging Institutional Adoption Stablecoin Momentum as Key Indicator Higher Market Activity & Liquidity Exponential Future Growth Potential Regulatory progress and macro demand accelerating structural shifts toward mainstream adoption and integration of digital assets into core finance Total digital asset market cap ~$2.5T (1) ; including an estimated $31B+ (2) in new inflows during 2025, driven by clearer regulations, ETFs, and institutional participation reshaping capital flows Innovations like Bitcoin - backed lending activate dormant holdings for trading and structured products; digital asset trading volume has reached staggering levels, representing a dramatically higher turnover relative to market value than traditional public equities and signaling explosive velocity in trading and market activity Tokenized real - world assets (RWAs) grew from ~$5.5B to ~$25B in 2025 (3) Stablecoins expanded to over $300B (4) , enabling payments, yield, and tokenized ecosystems Daily stablecoin transaction volumes reached ~$30B+ (5) (annual total ~$33T, up significantly YoY) (6) ; represents massive untapped potential for wealth management platforms in tokenized finance Blockchain integration accelerating with digital cash equivalents and AI - driven assets positions platforms like Abra to capture institutional/high - net - worth demand for secure, accessible on - chain banking, lending, yield, and RWA tokenization (1) CoinGecko (February 2026). (2) Coin Telegraph (January 2026). (3) JP Morgan Research (February 2026). (4) The Block (October 2025). (5) McKinsey (July 2025). (6) Bloomberg (January 2026).

• Segregated, title - retaining accounts • Abra eliminates counterparty risk through a no - rehypothecation lending and yield framework • Client Focus: HNW investors, family offices and institutions • Channels: Direct, RIAs, and private banks ABRA’S SOLUTION – FOUNDATIONAL ON - CHAIN INFRASTRUCTURE FOR INSTITUTIONS & PRIVATE WEALTH PROPRIETARY AND CONFIDENTIAL 14 EXECUTIVE SUMMARY Executive Summary Abra aims to meet the complex, rigorous demands of institutional investors and sophisticated private wealth (HNWI, family offices, institutions), capturing segments of the digital asset market through on - chain access designed for accessibility and security Convergence & Regulated Infrastructure: Designed to be an on - chain bridge between traditional finance and wealth management Structural Tailwinds Driving Adoption: Private wealth is moving on - chain as Bitcoin, stablecoins, and RWA tokenization trends drive institutional adoption ACM Is Built for the New Financial World Order: Proprietary execution to deliver seamless, regulated on - chain finance Client - Owned, On - Chain SMA Vaults Institutional Distribution Channels AbraFi's On - Chain Execution Engine (1) • Stablecoins, yield, lending, RWA tokenization • 24/7 programmable settlement and routing Supported by Key Tailwinds Abra’s Solution (1) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USDA F. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM.

PROPRIETARY AND CONFIDENTIAL 15 ABRA CAPITAL MANAGEMENT (ACM) – INSTITUTIONAL - GRADE DIGITAL ASSET PLATFORM ACM is Abra's SEC - registered Investment Advisor (RIA) platform, delivering highly secure, regulated gateways for digital asset i nvesting with fiduciary - grade governance, transparency, and accessibility for HNWI, family offices, and institutions EXECUTIVE SUMMARY Executive Summary Core Security & Structure Client deposits held in segregated, separately managed accounts (SMAs) via client - owned on - chain vaults; off - chain keys for added protection; zero rehypothecation exposure for clients Comprehensive Products & Services Offers custody, trading, staking, borrowing, yield products, and RWA tokenization; supports seamless fiat/crypto funding thro ugh integrated KYC/AML channels; assets flow into title - retaining segregated vaults Regulated Custody & Tech Stack Operates under RIA license with fiduciary oversight; custody powered by secure multi - party computation (MPC) wallets; layered architecture integrates with public chains (Ethereum, Solana); custom UI for accessibility, access control, staking, OTC, bor row ing, and real - time reporting Counterparty Risk Elimination Vault architecture and on - chain smart contract settlement minimize reliance on intermediaries; eliminates third - party rehypothecation and centralized exposure for enhanced institutional trust Revenue Model Dual streams: (1) management fees (recurring AUM - based from institutional/RIA clients); (2) transaction revenue (trading, lendin g, staking, protocol participation fees) Access to AbraFi’s On - Chain Engine (1) Abra's ACM platform will leverage AbraFi’s blockchain infrastructure connecting real - world assets (RWAs) to on - chain finance; enables stablecoins (including USDAF, a scalable, fully - backed synthetic dollar on Solana), yield generation, structured strateg ies, on - chain borrowing/lending, and accessible programmable payments; generates protocol revenue from usage and transactions (1) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USDA F. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM.

PROPRIETARY AND CONFIDENTIAL 16 EXECUTIVE SUMMARY ABRA APP: UNIFIED DIGITAL ASSET WEALTH EXPERIENCE* Executive Summary The Abra app will consolidate custody, trading, lending, yield strategies, and portfolio management into a single, intuitive pla tform designed to attract and retain high - value clients All Digital Asset Capabilities in One Platform • Manage trading, yield, borrowing, and asset allocation through a single interface • Eliminates fragmented functions across exchanges, wallets, and Decentralized Finance (DeFi) applications Simplifies Complex Strategies • Converts sophisticated on - chain financial tools into familiar wealth management workflows • Automated execution, monitoring, and reporting improve accessibility for advisors and clients Institutional - Quality Client Experience • Advanced portfolio analytics, performance tracking, and risk visibility • Designed for RIAs, family offices, and institutional users managing multi - asset portfolios Mobile - First, Global Accessibility • 24/7 access to liquidity, transactions, and portfolio management • Mobile and web - native interface supports seamless client engagement worldwide Drives Client Growth and Asset Consolidation • Encourages clients to consolidate assets within a single platform • Expands wallet share through integrated product cross - sell and strategy adoption The Abra app aims to transform digital assets into a seamless, scalable wealth management experience that accelerates client acquisition, engagement, and long - term asset growth * As of the date of this presentation, Abra's retail app is under development; Abra anticipates launching this app in 1H 2026 .

PROPRIETARY AND CONFIDENTIAL 17 ABRAFI – TOKENIZATION PLATFORM FOR RWAS & DIGITAL CURRENCIES ON SOLANA (1) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USD AF. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM. (2) Coin Telegraph (January 2025). (3) Standard Chartered (June 2024) Abra will use AbraFi's Solana - native RWA and synthetic dollar protocol, previewed at Solana Breakpoint 2025, to be governed by a user - owned DAO with AFI, positioning Solana for institutional RWA leadership with services launching in H1 2026. AbraFi (1) Massive Market Opportunity — Stablecoins process $27T+ in annual volume (exceeding Visa) (2) ; RWA tokenization projected to reach $30T by 2034 (Standard Chartered) (3) . Institutions demand secure, accessible exposure — AbraFi delivers via regulated rails through ACM integration (RIA framework) Key Differentiators — Vertically integrated yield, lending, and custody; protocol fees on every transaction create scalable, headcount - independent revenue Why Now: Structural Tailwinds — Pro - crypto regulatory momentum unlocking institutional capital; RWA tokenization emerging as the next major wave (BlackRock, Franklin Templeton active); Solana’s high - throughput ecosystem accelerating execution for tokenized asset s and DeFi Flagship Product: USDAF — Fully backed, delta - neutral synthetic dollar, invented by Bill Barhydt in 2015, expected to be collateralized by SOL/USDT/USDC and hedged for peg stability, with USDAF — a staked, yield - bearing variant enabling native yield, treasury tools, on - chain FX, liquidity routing, and optimization Core Capabilities & Expansion — Composable RWA and permissioned DeFi stack with modular yield strategies; open, developer - ready architecture (Phantom, Solana/Ethereum); institutional - grade accessibility; global distribution via ACM custody; AFI - powered gov ernance and incentives EXECUTIVE SUMMARY Executive Summary

USDAF – ABRAFI’S REVOLUTIONARY YIELD - BEARING SYNTHETIC STABLECOIN 18 PROPRIETARY AND CONFIDENTIAL (1) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USD AF. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM. (2) Arkham (October 2025), McKinsey (July 2025). Stability & Yield Mechanism Delta - neutral, DeFi - hedged strategies keep the peg stable, with real - time transparent collateral across diversified assets (e.g. , SOL, USDC/USDT). Users stake USDAF to mint USDAF and earn yield from protocol rewards, staking, and derivatives strategies Launch & Traction Previewed at Solana Breakpoint 2025 in partnership with Solana; ~$35M raised to date with $50M+ targeted by Q1 2026; products go ing live and expanding in early 2026 Competitive Edge Built entirely in - house and vertically integrated with Abra’s custody, lending, and yield stack, led by a team with deep digital - asset experience (Bill Barhydt pioneered synthetic stablecoins in 2015). Overview & Market USDAF is AbraFi’s first product (1) : a fully backed, yield - bearing synthetic dollar for institutional exposure, targeting the fast - growing $300B+ stablecoin market in 2025 and the strong demand for passive dollar yield (2) Offering Built on Solana for speed and low fees, offering decentralized, permissionless access with no single counterparty risk; valid ate d demand from peers like Ethena; monetization via protocol fees and AFI governance tokens Ecosystem Impact USDAF anchors AbraFi’s institutional offering, enabling scalable on - chain yield, treasury tools, and RWA integration, positionin g Abra at the forefront of tokenized finance EXECUTIVE SUMMARY Executive Summary

FINANCIAL OVERVIEW

MULTI - PRODUCT STRATEGY DRIVING DIVERSIFIED REVENUE STREAMS 0 20 PROPRIETARY AND CONFIDENTIAL 20 FINANCIAL HIGHLIGHTS Financial Overview Abra Tokenize ACM Management & Custody Fees Monthly r ecurring fees earned on client assets held and managed within segregated SMA vaults Trading & Conversion Revenue Transactional f ees generated from client trading activity, asset conversions, and liquidity execution Lending & Collateral Services Monthly r evenue from secured borrowing activity and capital deployed into yield strategies Yield & Strategy Participation Recurring r evenue from capital deployed into on - chain yield strategies, liquidity programs, and structured digital asset exposures Protocol Carry / Performance Share Economic participation in strategy performance through carry or revenue share generated on AbraFi - enabled products Governance Token Monetization Value realization through strategic sales, allocation, or ecosystem growth of the AbraFi governance token Multi Product Strategy Management Fee Transactional Revenue Strategic On - Chain Treasury Deployment AbraFi (1) (1) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USD AF. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM.

WE BELIEVE ABRA IS POSITIONED TO ADDRESS GROWING DEMAND OF THE DIGITAL ASSET MARKET BEYOND BITCOIN PROPRIETARY AND CONFIDENTIAL 21 FINANCIAL HIGHLIGHTS Financial Overview Abra’s Position for AUM Capture Crypto & Bitcoin Price Trajectory Bitcoin remains the primary institutional entry asset Long - term market scenarios implies BTC and overall market upside, supporting higher balances, collateral capacity, and activity. Under a bullish base case, BTC could reach $200K – $250K (1) by 2026 year end, based on a bullish projection by Fundstrat Global Advisors Key Market Drivers Across the Full Digital Asset Stack Bitcoin Momentum and Expanding Digital Asset Adoption Support a Broad Growth Opportunity for Abra Tokenization Momentum Beyond Bitcoin Real - world asset tokenization at ~$25B today (2) , projected to reach ~$30T by 2034 (3) , far surpassing crypto’s current total market capitalization of ~$2.5T (4) Stablecoins and tokenized instruments expanding on - chain liquidity and settlement use cases Institutional Allocation Advisors, family offices, and corporates seeking regulated custody, yield, and collateral solutions, with 1/3 of advisors investing in crypto for clients in 2025 (5) Adoption moving from exploratory exposure toward portfolio integration and utility Retail Adoption Growth in mobile app, wallet adoption and stablecoin usage supports long - term demand for crypto - native financial services Users increasingly seeking yield, borrowing, and payments functionality — not just trading Built for Crypto AND Broader RWA Tokenization • Secure custody and advisory infrastructure capturing crypto - driven inflows and balances • Platform intentionally built to support stablecoins, multiple cryptocurrencies, yield strategies, and tokenized assets as adoption broadens Captures Both Institutional + Retail Demand • RIA distribution, HNW onboarding, and app - driven growth channels • Retail accessibility through mobile app without compromising institutional - grade custody and title - retaining SMA architecture Enabling On - Chain Financial Utility • AbraFi infrastructure being developed for tokenized finance growth (6) • Unified custody, lending, and yield services designed for scalable on - chain capital deployment (1) Fundstrat Global Advisors (January 2026). (2) JP Morgan Research (February 2026). (3) Standard Chartered (June 2024). (4) CoinGecko (February 2026). (5) Bitwise (January 2025). (6) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USD AF. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM.

2025A 2026E 2027E ACM Abra Tokenize 2025A 2026E 2027E HNW RIA / Institutional App Financial Overview PROPRIETARY AND CONFIDENTIAL 22 FINANCIAL HIGHLIGHTS Note: AUM is recorded at year end. (1) See Assumptions (Slide 31) for additional detail. The 2026E – 2027E projections have been prepared by management and reflect c urrent estimates and assumptions regarding market conditions, client growth, product adoption, and digital asset pricing. The se forward - looking metrics are subject to significant risks and uncertainties, and actual results may differ materially (see slides 27 – 30 for additional detail). Projections include assumptions regarding the achievement of stated operating, AUM, and client growth targets and do not assume material expansion in overall crypto or market conditions unless otherwise noted. As of the date of th is presentation, certain products and structures described herein are not subject to standardized industry metrics and theref ore it may be difficult to compare the data here in with that of comparable companies. Assumes base case assumption of Bitcoin price of $80 ,000. (2) Assumes consummation of Business Combination in July 2026, resulting in net proceeds of $150M, which will be used by Abra fo r growth capital and general corporate purposes. (3) Represents the sum of new deposit inflows recorded during the month in which they are received. Amount of new deposits is hi gher than AUM as of December 31, 2025 as a result of decline in market value after such deposits were completed. ABRA FINANCIAL SUMMARY / MANAGEMENT FORECASTS (1)(2) ACM AUM (Year End) Net Revenue ~$175M $5M ~$43M ~$20M ~$23M ~$105M ~$70M ~$11B ~$2B $334M ~$1B ~$1B ~$5B ~$4B ~$3B Attained RIA Status in April 2024 2025 New Deposits (3) : $543M

PROPRIETARY AND CONFIDENTIAL 23 DRIVERS OF ABRA’S GROWTH PROJECTIONS (1) FINANCIAL HIGHLIGHTS Financial Overview Significant AUM Momentum With Key Growth Drivers Retail App Launch Planned (H1 2026) • Launch of retail app to accelerate funded accounts and deposits • Retail channel projected to contribute ~20% of total AUM by 2027E • Digital channel supporting incremental HNW acquisition AUM Expansion and Diversification • AUM expansion driven by net new client inflows across HNW and RIA / institutional channels, rather than digital asset price appreciation or growth from existing clients • Institutional pipeline development to be supported by targeted campaigns and proactive sourcing to drive mandate conversion Scaling Sales & Marketing Engine • Expanded S&M motion, new CMO and sales team hires to deepen pipeline, increase institutional penetration and accelerate capital inflows • Enables sales funnel expansion through outbound marketing, events, meetings and conversion rates (from registration, to KYC, to funding) Revenue Engine Supporting Abra’s Growth ACM • Management & Custody Fees: AUM expansion increases management fees across yield, collateralized lending, and custody • Trading & Conversion Revenue: Increasing transactional revenue as AUM grows; new capital inflows drive more origination, trading and conversion revenue • Product Expansion: Expanded offerings such as new yield and structured products to increase wallet share per client • Cross - Sell Opportunity: New integrated app designed to enable seamless client interaction, trading and usage across products Abra Tokenize (3) • Tokenized Products on AbraFi: Launch of tokenized products in AbraFi ecosystem and broader USDAF adoption to expand product breadth and drive higher platform utilization • Investment Income: Abra’s expanding treasury of digital assets to drive revenue growth through active yield strategies and deployment • $AFI Monetization: Monetization of the $AFI governance token as platform engagement and ecosystem usage increase Note: Assumptions regarding USDAF based upon Athena (closest identified synthetic dollar comparable). (1) See Assumptions (Slide 31) for additional detail. The 2026E – 2027E projections have been prepared by management and reflect c urrent estimates and assumptions regarding market conditions, client growth, product adoption, and digital asset pricing. The se forward - looking metrics are subject to significant risks and uncertainties, and actual results may differ materially (see slides 27 – 30 for additional detail). Projections include assumptions regarding the achievement of stated operating, AUM, and client growth targets and do not assume material expansion in overall crypto or market conditions unless otherwise noted. As of the date of th is presentation, certain products and structures described herein are not subject to standardized industry metrics and theref ore it may be difficult to compare the data here in with that of comparable companies. (2) Assumptions include (x) increased S&M spend and CMO onboarding in 1H 2026; (y) average HNW, institutional and retail inve stm ents of $350,000, $5,000,000 and $10,000, respectively, based on management professional experience and legacy Plutus data; a nd (z) new client conversion rates generally consistent with existing conversion rates and based upon management professional ex per ience (3) AbraFi is not a subsidiary or affiliate of Abra. Abra, in partnership with AbraFi, will offer clients access to AbraFi's USD AF. USDAF will not be available to U.S. persons directly, but will be available to U.S. clients of ACM. Growth projected to be driven primarily by net new client acquisition, channel expansion, and product adoption under stable market pricing assumptions (2)

Financial Overview PROPRIETARY AND CONFIDENTIAL 24 FINANCIAL HIGHLIGHTS Source: Management estimates. (1) See Assumptions (Slide 31) for additional detail. The 2026E – 2027E projections have been prepared by management and reflect c urrent estimates and assumptions regarding market conditions, client growth, product adoption, and digital asset pricing. These forward - looking metrics are subject to significant risks and uncertainties, and actual results may differ materially (see slides 27 – 30 for additional detail). Projections include assumptions regarding the achievement of stated operating, AUM, and c lient growth targets and do not assume material expansion in overall crypto or market conditions unless otherwise noted. As of the dat e of this presentation, certain products and structures described herein are not subject to standardized industry metrics and therefore it may be difficult to compare the data here in with that of comparable companies. (2) Average of daily closing price (4.00pm ET) over the last 12 months as of 2/19/2026, FactSet. 2027E AUM & REVENUE SENSITIVITY ACROSS MARKET SCENARIOS Bull Base Bear ~$14B ~$11B ~$10B AUM 27E ~$205M ~$175M ~$160M Revenue 27E Key Assumptions (1) • $70,000 BTC avg price • Softer crypto market with lower BTC prices and activity • Slower institutional funding and longer onboarding cycles • $80,000 BTC avg price, compared to ~$99,000 avg price of last 12 months (2) • Stable market with status quo BTC prices • Steady onboarding across institutional, HNW, and RIA channels as per business plan • $100,000 BTC avg price • Strong crypto market with higher BTC prices trading activity • Accelerated institutional and RIA inflows

27% 67% 7% TRANSACTION OVERVIEW 25 PROPRIETARY AND CONFIDENTIAL Financial Overview FINANCIAL HIGHLIGHTS ▪ Abra to be acquired by New Providence Acquisition Corp. III at a Pre - Money Equity Value of ~$750 million ▪ Transaction may result in up to $270 million in proceeds to Abra, assuming zero redemptions ▪ Abra to roll 100% of existing shares Uses Sources $750.0 Rollover Equity Value $750.0 Issuance of Shares $280.4 Cash to Balance Sheet $301.7 SPAC Cash in Trust $30.0 Est. Fees and Expenses $8.7 Abra Existing Cash (1) $1,060.4 Total Uses $1,060.4 Total Sources Abra Shareholders Pro Forma Valuation Summary $10.00 Assumed Share Price 112.7 Pro Forma Shares Outstanding (M) $1,126.7 Pro Forma Equity Value ($280.4) ( - ) Net cash on balance sheet $846.3 Pro Forma Enterprise Value NPAC Sponsor Key Highlights Pro Forma Valuation at Closing ($M, except per share data) Estimated Sources and Uses ($M) Pro Forma Ownership (2) (1) Existing cash reflects Abra’s current cash balance and digital asset holdings, assuming digital asset prices as of 3/6/20 26. (2) Pro forma share ownership and share count exclude the impact of (i) public and private placement warrants issued by NPA a nd (ii) any outstanding Abra equity awards that will be rolled over and assumed by the Combined Company at closing; the ownershi p percentages presented herein reflect Abra Company rollover into 75.0M shares and do not give effect to the potential dilutive im pact of such assumed options and warrants. Percentages presented in the pie chart do not total 100% due to rounding. NPAC Shareholders

COMPELLING VALUATION VS. PUBLIC PEERS TODAY PROPRIETARY AND CONFIDENTIAL 26 Tokenization Infrastructure Digital Asset Exchanges Diversified Financial Services Current Abra valuation at a discount to peers EV / 27E Rev (1) Source: Consensus estimates from FactSet and Capital IQ as of 2/27/2026. Note: Forward revenue valuation metrics are based on CY2027E estimates. (1) See Assumptions (Slide 31) for additional detail. The 2026E – 2027E projections have been prepared by management and reflect c urrent estimates and assumptions regarding market conditions, client growth, product adoption, and digital asset pricing. These forward - looking metrics are subject to significant risks and uncertainties, and actual results may differ materially (see slides 27 – 30 for additional detail). Projections include assumptions regarding the achievement of stated operating, AUM, and cl ient growth targets and do not assume material expansion in overall crypto or market conditions unless otherwise noted. As of the dat e of this presentation, certain products and structures described herein are not subject to standardized industry metrics and therefore it may be difficult to compare the data here in with that of comparable companies. Financial Overview FINANCIAL HIGHLIGHTS 4.3x 8.9x 11.2x 5.6x 12.2x 4.8x 8.2x 5.0x Mean: 9.6x Mean: 6.0x

Risk Factors RISKS RELATED TO ABRA Risks Related to Abra’s Business • Abra earns substantially all of its revenues based on assets under management (“AUM”), and any reduction in AUM, or the value of AUM, would reduce its revenues. • Abra’s business focuses on digital assets and its operating results will be affected by fluctuations in the prices of digital as sets, the effects of which may include, among other impacts, fluctuations in digital asset transaction volumes, client AUM and the value of digital assets Abra holds on its balance sheet. • Executing Abra’s business plans includes operational risks that may materially and adversely affect its performance and resul ts, and Abra may not be effective in mitigating any such risk. • Abra’s business depends on its ability to effectively invest in, implement improvements to, and properly maintain the uninter rup ted operation, security and integrity of, its operating platform and other information technology and business systems. • Abra’s products rely on third - party decentralized finance (“DeFi”) protocols and software that could be subject to risks such as hacks, bugs and exploits, which could cause client losses, expose Abra to risks and adversely impact its business. • Assets that Abra manages may be exposed to counterparty risk in various investment strategies, and a counterparty’s failure c oul d result in client losses and adversely affect its business. • Abra’s historical financial statements and results are not necessarily representative of future performance or the full exten t o f the potential variability in AUM and revenues derived therefrom that it may experience in the future. • Abra’s plans to tokenize real - word assets (“RWA”) are developing and may take longer to effectuate and not be as successful as m anagement presently anticipates. • Abra relies on information provided by clients and third parties, and inaccuracies in such information could adversely affect it s advisory services and expose it to liability. • Abra’s business is highly dependent on key personnel, including its chief executive officer, and the loss of such individuals co uld materially adversely affect operations. • Abra’s chief executive officer’s public profile may subject us to heightened regulatory scrutiny, investigations, or inquirie s, regardless of whether any violation has occurred, which could be costly and distracting regardless of whether it has engaged in any unlawful conduct. • If Abra is unable to successfully identify, hire and retain qualified individuals, it will not be able to implement its growt h s trategy successfully. • The emergence or growth of novel or other digital assets, including those with significance private or public sector backing, in cluding by governments, consortiums or financial institutions, could have a negative impact on the price of Bitcoin and other digital assets and adversely affect the value of Abra and its clients’ assets or other aspects of Abra’s bu sin ess. • Abra Capital Management, LP (“ACM”) became a registered investment advisor relatively recently and certain products and servi ces that Abra offers and expects to offer, including through AbraFi, are new and developing. which may present challenges and risks that Abra cannot or does not foresee. • Abra’s partnership with AbraFi, which is not a subsidiary or affiliate of Abra, is newly - established and unproven. • Abra expects to retain a portion, which may be significant, of all AbraFi tokens (“AFI Tokens”) in circulation at any time, w hic h may create governance, control, and conflict - of - interest risks. • AbraFi anticipates transitioning aspects of AFI token administration to a decentralized autonomous organization (“DAO”) in a cco rdance with the terms of applicable smart contracts and, over time, expects an increasing proportion of AFI governance tokens and associate voting rights to be distributed or sold to its clients. Such transition has not yet occurred and may not occur in a timely fashion or ever at all. • Abra’s retail app is currently under development and Abra cannot guarantee that all of the app’s planned features, once launc hed , will be immediately available, attractive or widely - used by customers. • Abra operates in highly competitive industries and compete against unregulated or less regulated companies and companies with gr eater financial and other resources, including established financial institutions, asset managers, banks and other financial services firms. Abra’s business, operating results, and financial condition may be adversely affected if it is unable to respond to its competitors effectively. • Abra may not be able to successfully implement its business plans or growth strategy on a timely basis or at all. If Abra fai ls to manage its growth effectively, this may adversely affect its operating results, prospects and the trading price of the Combined Company’s common stock. • The nature of Abra’s business requires the application of complex financial accounting rules, and there is limited guidance f rom accounting standard setting bodies. If financial accounting standards undergo significant changes, Abra’s operating results could be adversely affected. • Abra’s estimates of market opportunity and management’s forecasts with respect to company growth and market opportunity are i llu strative, based on certain assumptions, and may prove to be inaccurate. • If the digital assets that Abra holds on its balance sheet are determined to constitute “securities” for purposes of the Inve stm ent Company Act of 1940 (the “Investment Company Act”) and represent a significant portion of its total assets, Abra could be deemed an investment company required to register under the Investment Company Act, which would subject it to b urd ensome regulatory requirements, could impede its ability to consummate the proposed Business Combination and could restrict its future business activities. • A determination that a digital asset is a “security,” or that an activity in which Abra engages involves a “securities transa cti on” for purposes of U.S. federal securities laws could adversely affect the value of that digital asset and potentially digital assets generally. Such determinations could also result in increased regulatory scrutiny and compliance obligations, whi ch could adversely impact Abra’s business, AUM, revenues and results of operations as well as the market price of its common stock. • If the SEC or any other party alleges that services Abra provides involve unregistered offers and sales of securities or unre gis tered securities broker - dealer activity in violation of the Securities Act or the Exchange Act and the courts agree, Abra may be required to cease such activities and may be subject to monetary and other penalties or other liabilities. • Abra derives substantially all of its revenues from advisory contracts that may be terminated upon short or no notice. • When client assets are deployed through omnibus or pooled structures for operational or protocol reasons, Abra must maintain com plex allocation, reconciliation, and recordkeeping processes, and failures in such processes could result in financial losses, client disputes, regulatory scrutiny and reputational harm. PROPRIETARY AND CONFIDENTIAL 27 RISK FACTORS

Risk Factors RISKS RELATED TO ABRA (Continued) • Failure to comply with investment guidelines set by Abra’s clients, or errors, misconduct, or fraud by Abra’s personnel, coul d r esult in client losses, claims against Abra, regulatory scrutiny or a decline in its AUM. • Conflicts of interest inherent in Abra’s advisory business, including those relating to affiliate relationships, personal tra din g, allocation of opportunities and performance - based fees, could subject Abra to regulatory scrutiny, client disputes, and reputational harm. • If Abra chooses to hedge its exposures, such hedging transactions may be ineffective or reduce its overall performance. • Short sales, borrowings and leverage of digital assets pose additional risks. • Any failure to obtain, maintain, protect, defend or enforce Abra’s intellectual property and other proprietary rights could a dve rsely affect its business, financial condition and results of operations. Risks Related to Digital Assets • Digital assets are novel assets, and are subject to significant legal, commercial, regulatory and technical uncertainty. • Transactions executed through digital asset trading platforms, many of which operate in a rapidly evolving regulatory environ men t and may lack the transparency, investor protections and operational safeguards associated with more established financial markets involve high degrees of risk and are not insured by the FDIC or SIPC. Such venues may are also sus ceptible to fraud, cybersecurity incidents, market manipulation and operational disruptions, which failures could negatively affect the value and liquidity of digital assets held in Abra’s client accounts that Abra manages and expose Ab ra to reputational harm, client claims and decline in AUM and revenues. • The continuing development and acceptance of digital assets and distributed ledger technology are subject to a variety of ris ks. • Blockchain networks, digital assets and the digital asset trading platforms on which these assets are traded are dependent on in ternet and other blockchain infrastructure and susceptible to system failures, security risks and rapid technological change. • Blockchain protocol changes or “forks” affecting digital assets held in client accounts could create operational, valuation a nd liquidity challenges and adversely affect Abra’s business. • Client accounts that Abra manages may engage in DeFi activities, and failures, vulnerabilities or disruptions in DeFi protoco ls could result in client losses and expose us to operational, legal and reputational risks. • Transactions executed through DeFi protocols may be irreversible, and failures, exploits or liquidity constraints could preve nt Abra from unwinding positions or mitigating losses. • Client accounts that Abra manages may engage in transactions on DeFi protocols involving the provision of and access to liqui dit y of various types of digital assets using liquidity pools, which involve a number of risks and uncertainties and may expose Abra’s AUM to concentrated risks that could result in rapid losses, reduced liquidity and increased client red emp tions. • Custodying of Abra’s and its clients’ Bitcoin and other digital assets involves risks, including the loss or destruction of private keys r equired to access Abra’s and its clients’ Bitcoin and other digital assets. • The U.S. federal income tax treatment of transactions in digital assets is unclear and may change. Risks Related to Market and Investment Performance • Unfavorable market conditions could adversely affect Abra’s business in many ways, including by reducing the fee revenue and new deposits received from client accounts, if any, or reducing its ability to attract and retain new clients. • There are no guarantees that participating in Abra's services, products, strategies or offerings will result in favorable out com es for clients. If Abra’s investment or trading strategies perform poorly, clients could redeem their assets, it may become more difficult to attract new client investments, and Abra could suffer a decline in its AUM, which would reduce its r eve nues and ability to grow successfully. • Abra’s clients’ portfolios are heavily concentrated around Bitcoin, Ethereum and Solana, which are highly correlated. Signifi can t allocations to particular digital assets or asset classes in client accounts may result in underperformance relative to other market opportunities, which could reduce Abra’s AUM and advisory revenues. • If investments in, or transactions involving, digital assets decline, Abra’s platform offerings would be less attractive in t he marketplace and its results of operations would suffer. Risks Related to Regulatory, Legal and Reputational Matters • Abra is a holding company and its advisory activities are conducted through a registered investment adviser (“RIA”) subsidiar y, which means the parent company is not registered as an investment company under the Investment Company Act of 1940 and is not itself registered as an RIA. Investors in the parent company may have incorrect assumptions ab out the regulatory status of Abra and related investor protections even though investors in the parent company do not receive the protections applicable to investors in mutual funds and exchange - traded funds. • Abra may be subject to regulatory developments related to crypto assets and crypto asset markets, which could adversely affec t i ts business, financial condition, and results of operations. • Certain digital assets and transactions in client accounts may be subject to regulatory authority by the SEC, CFTC or other r egu latory agencies. Any fraudulent or manipulative trading activity affecting such assets could subject Abra to increased regulatory scrutiny, enforcement, and litigation. • As Abra’s business develops and grows, Abra may need to secure additional licenses, permits and approvals to operate its busi nes s in accordance with management’s plans. • Regulatory proceedings, litigation, settlement terms and negative publicity involving related entities operating under the “A bra ” brand or formerly associated with Plutus Financial Holdings, Inc. may limit aspects of Abra’s operations and adversely affect its business and reputation and subject Abra to increased regulatory scrutiny. • From time to time, Abra may be involved in legal and regulatory investigations or proceedings and commercial or contractual d isp utes, which could have an adverse impact on its financial condition and results of operations. • The regulatory environment in which Abra operates is subject to continual change and regulatory developments designed to incr eas e oversight, which may materially and adversely affect its business. PROPRIETARY AND CONFIDENTIAL 28 RISK FACTORS

Risk Factors RISKS RELATED TO ABRA (Continued) • The asset management business is highly regulated and regulators may apply or interpret these regulations with respect to dig ita l assets in novel and unexpected ways. • Abra’s operating results and prospects may suffer if aspects of the services or products it offers are determined not to comp ly with applicable legal requirements or Abra becomes subject to governmental investigations or proceedings that distract management from other activities or increase costs. • Competing industries may have more influence with policymakers than the digital asset industry, which could lead to the adopt ion of laws and regulations that are harmful to the digital asset industry and Abra’s business. • Legislative or regulatory changes or actions by the U.S. Congress or any U.S. federal or state agencies could restrict the us e o f one or more digital assets, the ability to enter into transactions referencing digital assets, validating or mining activity, the operation of digital asset networks or digital asset trading platforms in a manner that adversely affect s A bra’s business. • Legislative or regulatory changes or actions in foreign jurisdictions may affect Abra’s business or restrict the use of one o r m ore digital assets, transactions referencing digital assets, mining activity or the operation of their networks or the digital asset trading platform market in a manner that adversely affects Abra’s business. Risks Related to Third Parties • Abra’s business relies on third parties, including digital asset trading platforms, custodians, blockchain networks, internet an d cloud infrastructure providers, and other service providers, which subject Abra to risks that it may not be able to control or remediate. • Assets that Abra manages are typically held with third - party custodians, including digital asset custodians, and a failure by su ch custodians or other service providers to safeguard those assets could result in client losses and adversely affect Abra’s business. • Disruptions to Abra’s information technology systems or infrastructure, or those of third parties and digital asset infrastru ctu re providers on which its business relies, whether caused by cybersecurity incidents, natural disasters, pandemics, geopolitical events or other force majeure events could impair Abra’s ability to execute transactions, access clie nt assets or provide services to clients. Such disruptions to Abra’s businesses could damage its reputation, increase its costs, and have a material adverse effect on its business, financial condition and results of operations. • Any inability to maintain adequate relationships with affiliates, third - party financial institutions and trading venues with res pect to, and any inability to settle customer trades related to, Abra’s digital asset strategies, may adversely affect its business, financial condition and results of operations. General Risks • Recent macroeconomic pressures resulting from ongoing geopolitical or other matters may have an adverse impact on Abra’s busi nes s, financial results and prospects. • Inflation and increased interest rates may adversely affect Abra’s financial condition and results of operations. • Changes in U.S. and foreign government policy, including the imposition of or increases in tariffs and changes to existing tr ade agreements, could have a material adverse effect on global economic conditions and Abra’s business, financial operations and prospects. • Abra obtains and processes sensitive customer data. Any real or perceived improper use of, disclosure of, or access to such d ata could harm Abra’s reputation, as well as have an adverse effect on its business. • Abra’s insurance coverage may not be adequate to protect it from all business risks. Risks Related to SPAC and the Proposed Business Combination • The ability of SPAC shareholders to exercise redemption rights with respect to a large number of public shares, the terms of the proposed Business Combination and other factors may not allow SPAC to complete the proposed Business Combination or optimize its capital structure. • There is no assurance that SPAC’s diligence will reveal all material risks that may be present with regard to Abra. If SPAC’s du e diligence investigation was inadequate, shareholders of SPAC and the Combined Company could lose some or all of their investment. • Past performance by any member of the SPAC management team or the board of directors of SPAC, the SPAC’s sponsor (the “Sponso r”) or any of their respective affiliates, may not be indicative of future performance of an investment in SPAC or the Combined Company. • SPAC’s Sponsor, directors and officers have potential conflicts of interest in recommending that SPAC shareholders vote in fa vor of the proposed Business Combination. • If the proposed Business Combination is not approved and SPAC does not consummate another initial business combination by its de adline, then the Sponsor’s shares and warrants of SPAC will become worthless and the expenses it has incurred will not be reimbursed. These interests may influence the Sponsor’s decision to approve the proposed Business Co mbi nation. • SPAC’s Sponsor, directors and officers have agreed to vote in favor of the proposed Business Combination, which will increase th e likelihood that the SPAC will receive the requisite shareholder approval of the proposed Business Combination. • SPAC may not have valued Abra’s business and prospects accurately, which could affect trading prices of the Combined Company’ s c ommon stock after closing. • The proposed Business Combination and the transactions contemplated thereby may be approved regardless of how SPAC’s public s har eholders vote. Holders of SPAC founder shares, including SPAC’s Sponsor, directors and officers and any of their respective affiliates, may receive a positive return on such shares, even if SPAC’s public shareholders expe rie nce a negative return on their investment after the consummation of the proposed Business Combination. PROPRIETARY AND CONFIDENTIAL 29 RISK FACTORS

Risk Factors RISKS RELATED TO ABRA (Continued) • SPAC and Abra will incur significant transaction and transition costs in connection with the proposed Business Combination, w hic h will limit the amount of proceeds, if any, from the proposed Business Combination and any related financing transactions available to the Combined Company to carry out its business plans. • If the conditions to the proposed Business Combination are not met, the proposed Business Combination may not occur. • The Business Combination Agreement contains provisions that limit SPAC from seeking an alternative business combination. • The Combined Company will need to satisfy initial listing requirements of the national securities exchange on which the Combi ned Company’s shares are listed at Closing, its status as a “shell company” may impact the Combined Company’s ability to maintain compliance with exchange listing requirements and restrict reliance on certain rules or forms i n c onnection with the offering, sale or resale of securities. • SPAC’s shareholders will experience significant dilution as a consequence of the proposed Business Combination and related fi nan cings, if any. • SPAC and its shareholders will not have the protection of any indemnification, escrow, price adjustment or other provisions t hat allow for a post - closing adjustment to be made to the total merger consideration in the event that any of the representations and warranties in the Business Combination Agreement made by Abra or any other party thereto ultimately prove s t o be inaccurate or incorrect. • Negative developments in the cryptocurrency industry, including fraud, cybercrime or platform failures, may result in unfavor abl e publicity and could impact investor sentiment with respect to the Combined Company after the proposed Business Combination even if the Combined Company is not directly involved in any of the reported events. • Future developments regarding the treatment of crypto assets for U.S. and foreign tax purposes could adversely impact busines s p rospects of the Combined Company after the proposed Business Combination. Risks Related to Operating as a Public Company • The Combined Company will require additional capital to pursue its business plans, which may not be available on favorable te rms , or at all. • Future sales and issuances of the Combined Company’s common stock or rights to purchase common stock, including pursuant to e qui ty incentive plans, in connection with strategic or commercial transactions and future capital raise or other financing transactions, if any, may result in material dilution of the percentage ownership of the Combined Company’s s toc kholders and could cause the Combined Company’s stock price to decline. • The Combined Company’s trading prices are expected to be highly correlated with the price of Bitcoin and other digital assets , w hich may change between the time the parties enter into definitive agreements related to the proposed Business Combination transaction and the Closing, if any, of the transaction and any time after the proposed Business Combina tio n is consummated. • The Combined Company’s quarterly operating results, revenues, and expenses may fluctuate significantly, including as a result of volatility in digital asset market conditions, which could have an adverse effect on the market price of its common stock. • There can be no assurances that a liquid trading market for the Combined Company’s common stock will develop or be maintained af ter closing of the proposed Business Combination. • Redemptions by SPAC public shareholders prior to or in connection with the Closing will reduce proceeds from the SPAC trust a cco unt available to Abra from the proposed Business Combination. • Abra has not previously been a public company and Abra’s management has limited experience operating a public company. Operat ing as a public company will require significant management attention and increased costs, which may strain resources and divert focus from executing Abra’s business strategy. • The Combined Company will incur significant expenses and administrative burdens as a public company, which could have an adve rse effect on the Combined Company’s business, financial condition, and results of operations. • The Combined Company will be required to develop and maintain proper and effective internal control over financial reporting. • The Combined Company will need to hire additional personnel to satisfy its public reporting and other obligations. • The Combined Company is expected to qualify as an emerging growth company and smaller reporting company, eligible for exempti ons from certain disclosure requirements. The reduced disclosure may provide less information to investors, limiting comparability to common stock of other similar companies and reduce demand for, and the trading price of, th e Combined Company’s common stock. • If analysts publish unfavorable reports or do not provide research coverage of the Combined Company’s common stock, the tradi ng price and liquidity of the Combined Company’s common stock may be adversely affected. • There can be no assurance that the Combined Company will be able to comply with the continued listing standards of the nation al securities exchange on which Combined Company shares are listed. • The Combined Company does not anticipate paying any cash dividends in the foreseeable future. PROPRIETARY AND CONFIDENTIAL 30 RISK FACTORS

2027E Model & KPI Assumptions ANNEX A: KEY ASSUMPTIONS RELATING TO BASE CASE PROJECTIONS (1)(2) 31 PROPRIETARY AND CONFIDENTIAL 2026E Model & KPI Assumptions ACM ACM growth supported by new sales motion, including hiring a new CMO, distribution expansion, institutional pipeline development, & retail channel launch. • HNW clients growth from ~380 clients to ~1.5K; ~$850M AUM by 2026E year end • RIA / Institutional accounts scale from 0 to ~250; ~$1B AUM by 2026E year end • New app launch driving ~15K Funded App Accounts; ~$150M AUM by 2026E year end Abra Tokenize (3) Abra Tokenize drives incremental revenue and capital inflows through tokenized product expansion, USDAF balance growth, and governance token participation • Initial commitments of $50M seed funding to kickstart and accelerate AbraFi / USDAF adoption, driving ~$500M of assets deployed on - chain by 2026E year end • Expansion of Abra’s Digital Treasury of ~$150M for yield and capital deployment (1H 2026 projected launch date) Market Assumptions • BTC avg. price: $80,000 • Assumes no fundamental change in macro or crypto market drivers ACM Continued scaling of distribution, institutional mandate wins, and retail channel acceleration • HNW clients grow to ~13.5K HNW Clients; ~$5B AUM by 2027E year end • RIA / Institutional grow to ~730 Accounts; ~$4B AUM by 2027E year end • App download and funding acceleration with ~250K Funded App Accounts; ~$2B AUM by 2027E year end Abra Tokenize (3) Continued expansion of new tokenized products (equity, credit, structured yield, etc.) on AbraFi network • Increased USDAF circulation and ecosystem utilization with ~$1.8B of assets deployed on - chain • $AFI governance token participation enhancing capital efficiency and monetization Market Assumptions • BTC avg. price: $80,000 • Assumes no fundamental change in macro or crypto market drivers Annex A ANNEX A (1) The 2026E – 2027E projections have been prepared by management and reflect current estimates and assumptions regarding market conditions, client growth, product adoption, and digital asset pricing. These forward - looking metrics are subject to significant risks and uncertainties, and actual results may differ materially (see slides 27 – 30 for additional detail). Projections assume the achievement of stated operating, AUM, and client growth targets and do not assume material expansion in overall crypto or m arket conditions unless otherwise noted. As of the date of this presentation, certain products and structures described herein are not subject to standardized industry metrics and therefore it may be difficult to compare the data here in with that of comparabl e companies. (2) Assumes consummation of Business Combination in July 2026, resulting in net proceeds of $150M, which will be used by Abra fo r growth capital and general corporate purposes. (3) Abra, in partnership with AbraFi, will offer clients access to AbraFi's USDAF. USDAF will not be available to U.S. person s d irectly, but will be available to U.S. clients of ACM.

THANK YOU INVESTOR DECK 32 PROPRIETARY & CONFIDENTIAL