Animoca puts Currenc merger on ice, delaying its Nasdaq debut
Animoca Brands suspended its reverse merger talks with Currenc but said it remains committed to pursuing a listing on a major exchange.
Animoca Brands has halted its reverse merger discussions with Currenc Group, according to a statement released on Tuesday. The decision came after both companies evaluated market conditions and the expected timeline for the deal to close. Animoca announced it remains dedicated to finding a listing on a prominent exchange. The proposed merger would have resulted in Currenc Group acquiring Animoca, with Animoca shareholders holding a 95% stake in the newly formed Nasdaq-listed entity.
Yat Siu, executive chairman of Animoca Brands, stated that the companies might reconsider their discussions if the circumstances become favorable. Animoca, a Hong Kong-based investment and gaming company, manages game portfolios such as The Sandbox, Moca Network, and Open Campus. The company was previously listed on the Australian Securities Exchange, but the listing was withdrawn in March 2020.
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