Currenc Group announces proposed reverse merger with Animoca Brands

Currenc Group (CURR) announced that it has entered into a non-binding term sheet with Animoca Brands in relation to a potential proposal for Currenc to acquire 100% of Animoca Brands’ issued shares via a reverse merger. Upon completion, the Proposed Merger is expected to result in a Nasdaq-listed company with a global growth strategy spanning digital asset investments and services, real-world asset tokenization, and blockchain applications for both consumers and institutions. Under the proposed structure, shareholders of Animoca Brands would collectively own approximately 95% of the issued shares in the resulting entity, and current shareholders of Currenc would hold approximately 5%. Currenc expects to authorize a dual-class share structure in connection with the transaction, and following closing, the board is expected to include nominees of both companies. The resulting entity is expected to operate under the Animoca Brands name. The parties currently expect closing to occur in 2026, subject to shareholder and regulatory approvals and other customary conditions.