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Currenc Group Announces Proposed Reverse Merger with Animoca Brands Corporation Limited - Currenc Group (NASDAQ:CURR)

Animoca Brands will control 95% of the merged entity, aiming for Nasdaq listing with a 2026 close, focusing on digital assets, tokenization, and blockchain applications.

  • On Nov. 03, 2025, Currenc Group Inc. announced it entered a non-binding term sheet to acquire 100% of Animoca Brands Corporation Limited via reverse merger targeting a Nasdaq listing.
  • Animoca Brands Corporation Limited said the Potential Transaction is compelling and entered due diligence, while Currenc Group Inc. intends to divest some AI and remittance operations to refocus the combined business and plans a New York, U.S. office.
  • Under the proposed structure, shareholders would collectively own approximately 95% for Animoca Brands and 5% for Currenc, and deal governance includes a dual‑class share structure with nominees from both companies.
  • Both companies agreed to a three‑month exclusivity period to finalise terms, with certain Currenc operations expected to be spun off to Currenc's current shareholders before closing.
  • Animoca Brands' treasury includes BTC, ETH, SOL, and over 600 companies, with its Digital Assets Advisory unit earning $165 million in 2024, exceeding Web3 gaming revenue.
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Benzinga broke the news in New York, United States on Monday, November 3, 2025.
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