MergerMay 6, 2026, 08:02 AM
Currenc Group Extends Exclusivity for Animoca Brands Reverse Merger to June 30, 2026
AI Summary
Currenc Group Inc. announced an extension of the exclusivity period for its proposed reverse merger with Animoca Brands Corporation Limited. The exclusivity, initially for three months from November 2, 2025, is now extended to June 30, 2026. This extension reflects continued progress in due diligence and preparatory work for definitive documentation, with both companies reaffirming their commitment to the transaction. Under the proposed terms, Animoca Brands shareholders would own approximately 95% of the merged entity, which is expected to operate under the Animoca Brands name, targeting a Q3 2026 closing.
Key Highlights
- Currenc Group extended the exclusivity period for its proposed reverse merger with Animoca Brands.
- The exclusivity period is now extended through June 30, 2026.
- The original non-binding term sheet was signed on November 2, 2025.
- Animoca Brands shareholders are expected to own approximately 95% of the merged entity.
- Existing Currenc shareholders will retain the remaining 5% of the merged entity.
- The merged entity is expected to operate under the Animoca Brands name.
- Closing of the transaction is targeted for the third quarter of 2026, with a long stop date of December 31, 2026.