Animoca Brands suspends Currenc deal that would have taken it public
Summary
Animoca Brands and Nasdaq-listed Currenc Group mutually paused merger talks after failing to agree definitive terms before Currenc’s exclusivity period expired. The proposed reverse merger would have given Animoca shareholders about 95% of the combined company and offered Animoca a route back to public markets. Currenc said the pause gives it more flexibility to seek financing, while both companies left open the possibility of resuming negotiations. Animoca says it is continuing audit and compliance work toward a separate public listing, but has disclosed no replacement deal or timetable.
