PANews reported on November 3rd that, according to Bloomberg, the reverse merger between Animoca Brands and Currenc Group Inc. is expected to close in 2026. This transaction marks Animoca's return to the public market after being delisted from the Australian Securities Exchange in 2020 for violating listing rules. The Currenc merger is subject to approval from regulators in the United States and Australia (where Animoca's corporate entities are located), and also depends on Animoca's ability to provide audited financial statements for the past few years. Xiao Yi stated that Animoca is profitable but has not yet released its financial results for this year. Although both parties have signed a letter of intent, the final merger agreement is still being finalized. The two companies have agreed to a three-month exclusivity period to finalize terms, and Currenc, which provides remittance and other financial services, plans to divest some of its businesses during the merger process. Executive Chairman Yat Siu stated that Animoca, with over 700 employees, also plans to open an office in New York. He added that US President Donald Trump's support for the cryptocurrency industry was a significant factor in this decision. Previously, it was reported that Animoca Brands planned to pursue a Nasdaq listing through a reverse takeover .PANews reported on November 3rd that, according to Bloomberg, the reverse merger between Animoca Brands and Currenc Group Inc. is expected to close in 2026. This transaction marks Animoca's return to the public market after being delisted from the Australian Securities Exchange in 2020 for violating listing rules. The Currenc merger is subject to approval from regulators in the United States and Australia (where Animoca's corporate entities are located), and also depends on Animoca's ability to provide audited financial statements for the past few years. Xiao Yi stated that Animoca is profitable but has not yet released its financial results for this year. Although both parties have signed a letter of intent, the final merger agreement is still being finalized. The two companies have agreed to a three-month exclusivity period to finalize terms, and Currenc, which provides remittance and other financial services, plans to divest some of its businesses during the merger process. Executive Chairman Yat Siu stated that Animoca, with over 700 employees, also plans to open an office in New York. He added that US President Donald Trump's support for the cryptocurrency industry was a significant factor in this decision. Previously, it was reported that Animoca Brands planned to pursue a Nasdaq listing through a reverse takeover .
The reverse takeover of Animoca Brands is expected to close in 2026, and the company plans to establish an office in New York.
PANews reported on November 3rd that, according to Bloomberg, the reverse merger between Animoca Brands and Currenc Group Inc. is expected to close in 2026. This transaction marks Animoca's return to the public market after being delisted from the Australian Securities Exchange in 2020 for violating listing rules. The Currenc merger is subject to approval from regulators in the United States and Australia (where Animoca's corporate entities are located), and also depends on Animoca's ability to provide audited financial statements for the past few years. Xiao Yi stated that Animoca is profitable but has not yet released its financial results for this year. Although both parties have signed a letter of intent, the final merger agreement is still being finalized. The two companies have agreed to a three-month exclusivity period to finalize terms, and Currenc, which provides remittance and other financial services, plans to divest some of its businesses during the merger process. Executive Chairman Yat Siu stated that Animoca, with over 700 employees, also plans to open an office in New York. He added that US President Donald Trump's support for the cryptocurrency industry was a significant factor in this decision.
Previously, it was reported that Animoca Brands planned to pursue a Nasdaq listing through a reverse takeover .
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