Animoca Brands and Currenc Suspend Merger Talks

Key Takeaways

• Animoca Brands and Currenc Group have mutually suspended talks on their proposed reverse merger.
• Animoca still aims to relist, while its FY2024 audited financial statements remain in preparation.

Details

Animoca Brands and Nasdaq-listed Currenc Group have suspended discussions on their proposed reverse merger, Animoca announced on September 22.

The company said projected closing timelines and changing market conditions no longer suited the parties’ near- and medium-term goals. Talks could resume if conditions permit.

In a September 21 report to the SEC, Currenc said exclusivity had expired without agreement on definitive merger terms. It expects the pause to give it more flexibility to seek financing for growth and operations.

The contemplated structure would give Animoca shareholders about 95% of the combined company and Currenc shareholders 5%. The term sheet is non-binding apart from provisions expressly identified as binding.

Animoca’s latest announcement separates the suspended transaction from its continuing financial-reporting work:

Market Analysis

The two companies describe different priorities: Animoca is preparing its FY2024 audited statements, while Currenc seeks flexibility to finance its growth and operations. Any renewed merger would require further negotiation over its structure and timetable, according to Currenc’s filing.

Sources: Animoca Brands, September 22, 2026; Currenc Group, September 21, 2026; Animoca Brands, July 17, 2026.

This report uses AI-assisted analysis of company announcements and public filings.

Note: This article is for news reporting purposes only and does not constitute investment advice.