Animoca Brands Moves Toward Nasdaq Via Reverse Merger With Currenc

Overview

• Currenc and Animoca signed a non-binding term sheet and entered a three‑month exclusivity window to negotiate definitive agreements for a reverse merger.
• Under the proposed structure, Currenc would acquire 100% of Animoca’s shares via an Australian scheme of arrangement, with Animoca holders owning about 95% of the combined company.
• Currenc plans to spin off its AI solutions and digital remittance businesses to existing Currenc shareholders before the merger closes.
• The combined company is expected to operate under the Animoca Brands name, with a dual‑class share structure and board nominees from both firms, subject to approvals.
• Currenc’s stock rallied sharply following the announcement, with multiple reports citing gains approaching or exceeding a doubling over recent days.