Animoca Brands Plans Nasdaq Listing via Currenc Group Merger

Animoca Brands and Currenc Group Merger Plans

Animoca Brands Corporation Limited has signed a non-binding term sheet with Currenc Group Inc., aiming for a reverse merger, which could lead to Currenc acquiring 100% of Animoca's issued shares. The deal may close by 2026 pending shareholder and regulatory approval.

The merger would create the first publicly-listed digital assets conglomerate on Nasdaq.
The transaction involves exchanging all Animoca Brands shares for newly issued Currenc shares.
Approximately 95% of these new shares will go to Animoca shareholders.
All transactions will follow an Australian scheme of arrangement.
The agreement remains non-binding until due diligence is completed and board approvals are granted.

Animoca Brands' US Listing Efforts

Previously, Animoca pursued a New York listing to access the largest capital market globally.
This was encouraged by the previous US administration's crypto-friendly stance.
Yat Siu, co-founder of Animoca, indicated potential announcements concerning their US listing plans.