Currenc suspends merger talks with Animoca Brands
Bitget2026/09/21 21:05- Currenc and Animoca Brands suspended merger talks tied to a non-binding term sheet for a proposed business combination.
- The plan contemplated Currenc acquiring all Animoca Brands equity via an Australian scheme of arrangement.
- Animoca Brands shareholders were set to hold about 95% of the combined company, with Currenc shareholders retaining 5%.
- Talks were paused after exclusivity expired and no definitive merger agreement was reached.
- The suspension is expected to give Currenc more flexibility to pursue financing for growth and operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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