Animoca puts Currenc merger on ice, delaying its Nasdaq debut
Animoca Brands has suspended reverse merger talks with Nasdaq-listed Currenc Group after the companies did not reach definitive terms on schedule. On Sept. 22, both sides said they mutually agreed to pause the discussions after reviewing projected closing timelines and changing market conditions, while Animoca said it remains committed to seeking a major exchange listing.
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What it means
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This affects Animoca Brands, Currenc Group, and people watching the planned listing because the reverse merger is paused instead of moving forward on the original timetable. Anyone waiting for Animoca to reach a public-market listing sees that step delayed for now, while Currenc remains the listed company involved in the talks.
Before this pause, the companies were working toward a transaction that would have taken Animoca public through Currenc. What changes now is that the merger talks are suspended, while Animoca’s stated goal of a major exchange listing still remains in place.
Market reaction
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