Overview
- Under the proposed structure, Animoca shareholders would own about 95% of the combined company and Currenc shareholders about 5%, with the entity expected to operate as Animoca Brands.
- The transaction would be implemented via an Australian scheme of arrangement and remains non-binding until definitive agreements are signed.
- Currenc plans to spin off certain legacy operations, including AI solutions and a digital remittance platform, to its existing shareholders before closing.
- Currenc’s Nasdaq-listed shares jumped sharply following the announcement, with reports indicating the stock was set to open at $3.78.
- Animoca plans a New York office as it readies a U.S. presence, highlighting its broader digital-asset portfolio and recent shift in revenue toward its Digital Assets Advisory unit.