Currenc to Pursue Reverse Merger with Animoca Brands
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
0mins
Source: NASDAQ.COM
Proposed Merger: Currenc (CURR) has entered a non-binding term sheet with Animoca Brands for a potential reverse merger, where Animoca shareholders would own about 95% of the new entity, while Currenc shareholders would hold around 5%.
Company Structure: The merged company is expected to operate under the Animoca Brands name and will implement a dual-class share structure as part of the transaction.
Exclusivity Period: The two companies have agreed to a three-month exclusivity period to finalize the merger terms and move towards a definitive agreement.
Business Divestment: Currenc plans to divest some of its existing operations, including AI solutions for financial institutions and a digital remittance platform, which will be spun off to its current shareholders.
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Analyst Views on CURR
About CURR
CURRENC Group Inc. is a Singapore-based investment holding company. The Company is a fintech and digital remittance platform that enables electronic wallets, remittance companies, and corporations to offer real-time, global payment services, advancing financial access across underserved communities. The Company's segments include Remittance Services and Sales of Airtime. The Remittance Services segment is operated through Tranglo Sdn BHD and related subsidiaries (Tranglo). Tranglo operates a remittance hub covering Southeast Asia and globally, which is in the downstream segment of the remittance business. The Company operates the Sales of Airtime segment through its international airtime transfer business through Tranglo and its retail airtime trading business locally in Indonesia through PT Walletku Indompet Indonesia (WalletKu). Its subsidiaries are Seamless Group Inc., Dynamic Investment Holdings Limited, and Bagus Fintech Pte. Ltd., among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Currenc Extends Exclusivity Period for Animoca Merger
- Exclusivity Period Extended: Currenc Group announced the extension of the exclusivity period for its proposed reverse merger with Animoca Brands to June 30, preventing both parties from pursuing competing transactions while due diligence and documentation progress, thereby facilitating a smoother transaction process.
- Stable Transaction Structure: Despite the extension, all previously announced terms of the agreement remain unchanged, with Currenc set to acquire Animoca, and Animoca shareholders expected to own approximately 95% of the combined company, indicating stability and attractiveness in the post-merger structure.
- Expected Completion Timeline: The transaction is targeted to close in the third quarter of 2026, providing ample time for both parties to complete necessary due diligence and documentation, ensuring compliance and a smooth transaction execution.
- Market Reaction Potential: If successful, this merger could generate positive market reactions, enhancing Currenc's market position and competitiveness while potentially increasing value for Animoca shareholders, reflecting confidence in future growth from both parties.
See More
Currenc Reports FY Results: Revenue and Loss Details
- Financial Overview: Currenc's released financial report indicates a GAAP EPS of -$0.30 for the fiscal year, highlighting challenges in profitability that may affect investor confidence.
- Revenue Figures: The company reported total revenue of $37.81 million, which, despite showing some growth, fails to offset the losses, indicating operational pressures.
- Market Reaction: Due to ongoing losses and revenue falling short of expectations, the market remains cautious about Currenc's future performance, potentially leading to stock price volatility.
- Strategic Implications: The company needs to reassess its business model and cost structure to achieve a turnaround in profitability and restore investor trust, ensuring sustainable growth moving forward.
See More
Currenc Group Tokenizes Shares on Ethereum and Solana
- Share Tokenization: Currenc Group has tokenized its ordinary shares on both Ethereum and Solana, enabling 24/7 trading, reducing transaction costs, and facilitating integration with decentralized finance systems, thereby enhancing liquidity and market accessibility.
- Reverse Merger Proposal: The company has proposed a reverse merger with Animoca Brands, aiming to strengthen its market competitiveness and expand its business scope, further advancing its strategic positioning in the blockchain sector.
- Business Combination Plans: Cantor Equity Partners II is planning a business combination with Securitize, which is expected to provide Currenc Group with additional capital support and resource integration to aid its future growth.
- Compliance Notice: Currenc Group received a Nasdaq notice regarding compliance with annual meeting requirements, indicating challenges in governance and compliance that may impact its performance in the capital markets.
See More
Currenc Launches Tokenized Ordinary Shares on Ethereum and Solana
- Tokenization Innovation: Currenc Group Inc. has successfully tokenized its ordinary shares on the Securitize platform, marking a significant advancement in public equity on Ethereum and Solana, which is expected to enhance market liquidity and trading efficiency.
- 24/7 Trading Convenience: The tokenized ordinary shares will offer 24/7 trading opportunities, lower transaction costs, and support fractional ownership, allowing investors to manage their assets more flexibly and increasing appeal to global investors.
- Financial Infrastructure Integration: By bringing ordinary shares onchain, Currenc aims to integrate with decentralized finance infrastructure, enabling shareholders to use their holdings more efficiently and potentially unlocking new financial tools and automated trading strategies.
- Strategic Merger Outlook: Currenc has also announced a reverse merger with Animoca Brands, which is expected to further expand its market share in digital assets and blockchain infrastructure, enhancing the company's competitiveness in the rapidly evolving fintech sector.
See More
Currenc Group Receives Nasdaq Compliance Notice for Annual Meeting Delay
- Compliance Warning: Currenc Group received a notice from Nasdaq on January 12 for failing to hold its annual shareholders' meeting within 12 months of its fiscal year-end, although this notice does not have an immediate impact on trading.
- Remedial Plan: The company has 45 days to submit a plan to regain compliance and intends to consult with Nasdaq on whether its scheduled annual meeting on February 25 could restore compliance, with Nasdaq potentially granting up to 180 days for compliance recovery.
- Stock Price Reaction: Following the compliance notice, Currenc's stock fell 2.66% in after-hours trading to $1.46, indicating market concerns regarding the compliance issue.
- Recent Developments: Recently, Currenc announced the divestment of its controlling interest in Tranglo for $400 million and saw a 30% stock price increase due to a reverse merger with Animoca Brands, highlighting the company's active capital management strategies.
See More
Currenc Group Inc. Receives Nasdaq Compliance Warning Due to Annual Meeting Delay
- Compliance Warning: Currenc Group Inc. received a Nasdaq Annual Meeting Deficiency Letter on January 12, 2026, due to failure to hold an annual meeting within 12 months of the fiscal year-end, which may impact the company's reputation.
- Remediation Timeline: The company has 45 days from January 12, 2026, to submit a plan to regain compliance, and if accepted by Nasdaq, it may receive an extension of up to 180 days until June 29, 2026.
- Meeting Schedule: Currenc plans to hold its annual meeting on February 25, 2026, and will consult with Nasdaq to determine if this meeting can restore compliance, or if additional actions are required.
- Business Impact: Although the compliance issue does not immediately affect the listing or trading of the company's securities, failure to resolve it promptly could negatively impact the company's financing capabilities and market trust.
See More
Currenc Extends Exclusivity Period for Animoca Merger
- Exclusivity Period Extended: Currenc Group announced the extension of the exclusivity period for its proposed reverse merger with Animoca Brands to June 30, preventing both parties from pursuing competing transactions while due diligence and documentation progress, thereby facilitating a smoother transaction process.
- Stable Transaction Structure: Despite the extension, all previously announced terms of the agreement remain unchanged, with Currenc set to acquire Animoca, and Animoca shareholders expected to own approximately 95% of the combined company, indicating stability and attractiveness in the post-merger structure.
- Expected Completion Timeline: The transaction is targeted to close in the third quarter of 2026, providing ample time for both parties to complete necessary due diligence and documentation, ensuring compliance and a smooth transaction execution.
- Market Reaction Potential: If successful, this merger could generate positive market reactions, enhancing Currenc's market position and competitiveness while potentially increasing value for Animoca shareholders, reflecting confidence in future growth from both parties.
See More
Currenc Reports FY Results: Revenue and Loss Details
- Financial Overview: Currenc's released financial report indicates a GAAP EPS of -$0.30 for the fiscal year, highlighting challenges in profitability that may affect investor confidence.
- Revenue Figures: The company reported total revenue of $37.81 million, which, despite showing some growth, fails to offset the losses, indicating operational pressures.
- Market Reaction: Due to ongoing losses and revenue falling short of expectations, the market remains cautious about Currenc's future performance, potentially leading to stock price volatility.
- Strategic Implications: The company needs to reassess its business model and cost structure to achieve a turnaround in profitability and restore investor trust, ensuring sustainable growth moving forward.
See More
Currenc Group Tokenizes Shares on Ethereum and Solana
- Share Tokenization: Currenc Group has tokenized its ordinary shares on both Ethereum and Solana, enabling 24/7 trading, reducing transaction costs, and facilitating integration with decentralized finance systems, thereby enhancing liquidity and market accessibility.
- Reverse Merger Proposal: The company has proposed a reverse merger with Animoca Brands, aiming to strengthen its market competitiveness and expand its business scope, further advancing its strategic positioning in the blockchain sector.
- Business Combination Plans: Cantor Equity Partners II is planning a business combination with Securitize, which is expected to provide Currenc Group with additional capital support and resource integration to aid its future growth.
- Compliance Notice: Currenc Group received a Nasdaq notice regarding compliance with annual meeting requirements, indicating challenges in governance and compliance that may impact its performance in the capital markets.
See More
Currenc Launches Tokenized Ordinary Shares on Ethereum and Solana
- Tokenization Innovation: Currenc Group Inc. has successfully tokenized its ordinary shares on the Securitize platform, marking a significant advancement in public equity on Ethereum and Solana, which is expected to enhance market liquidity and trading efficiency.
- 24/7 Trading Convenience: The tokenized ordinary shares will offer 24/7 trading opportunities, lower transaction costs, and support fractional ownership, allowing investors to manage their assets more flexibly and increasing appeal to global investors.
- Financial Infrastructure Integration: By bringing ordinary shares onchain, Currenc aims to integrate with decentralized finance infrastructure, enabling shareholders to use their holdings more efficiently and potentially unlocking new financial tools and automated trading strategies.
- Strategic Merger Outlook: Currenc has also announced a reverse merger with Animoca Brands, which is expected to further expand its market share in digital assets and blockchain infrastructure, enhancing the company's competitiveness in the rapidly evolving fintech sector.
See More
Currenc Group Receives Nasdaq Compliance Notice for Annual Meeting Delay
- Compliance Warning: Currenc Group received a notice from Nasdaq on January 12 for failing to hold its annual shareholders' meeting within 12 months of its fiscal year-end, although this notice does not have an immediate impact on trading.
- Remedial Plan: The company has 45 days to submit a plan to regain compliance and intends to consult with Nasdaq on whether its scheduled annual meeting on February 25 could restore compliance, with Nasdaq potentially granting up to 180 days for compliance recovery.
- Stock Price Reaction: Following the compliance notice, Currenc's stock fell 2.66% in after-hours trading to $1.46, indicating market concerns regarding the compliance issue.
- Recent Developments: Recently, Currenc announced the divestment of its controlling interest in Tranglo for $400 million and saw a 30% stock price increase due to a reverse merger with Animoca Brands, highlighting the company's active capital management strategies.
See More
Currenc Group Inc. Receives Nasdaq Compliance Warning Due to Annual Meeting Delay
- Compliance Warning: Currenc Group Inc. received a Nasdaq Annual Meeting Deficiency Letter on January 12, 2026, due to failure to hold an annual meeting within 12 months of the fiscal year-end, which may impact the company's reputation.
- Remediation Timeline: The company has 45 days from January 12, 2026, to submit a plan to regain compliance, and if accepted by Nasdaq, it may receive an extension of up to 180 days until June 29, 2026.
- Meeting Schedule: Currenc plans to hold its annual meeting on February 25, 2026, and will consult with Nasdaq to determine if this meeting can restore compliance, or if additional actions are required.
- Business Impact: Although the compliance issue does not immediately affect the listing or trading of the company's securities, failure to resolve it promptly could negatively impact the company's financing capabilities and market trust.
See More
