Animoca Brands and Nasdaq-listed Currenc Group have mutually suspended their proposed reverse merger, which was first announced in November 2025 and would have given Animoca shareholders a 95% stake in the combined entity. The companies cited incompatible closing timelines and changing market conditions. Animoca co-founder Yat Siu emphasized that corporate agility must take precedence as the firm continues to resolve its financial audit backlog and pursue a public listing.
Animoca-Currenc merger suspension
- ▪Animoca Brands and Nasdaq-listed Currenc Group mutually agreed to suspend negotiations on their proposed reverse merger, first announced in November 2025, on September 22, 2026
- ▪Following the suspension of merger talks between Animoca Brands and Currenc Group, Currenc Group shares fell 0.93% in after-hours trading on Monday, September 21, 2026, after closing at $3.23
- ▪The proposed reverse merger between Animoca Brands and Currenc Group, first outlined in a non-binding term sheet in November 2025, would have given Animoca Brands shareholders a 95% stake in the combined company
Animoca public listing strategy
- ▪Animoca Brands, which holds a portfolio of over 600 digital-asset companies, is continuing to pursue optimal routes to a public listing following its suspended merger with Currenc Group
- ▪Animoca Brands co-founder Yat Siu stated that the company is prioritizing corporate agility and remains fully committed to relisting on a major public exchange
Currenc financing flexibility
- ▪Currenc Group stated in a regulatory filing that the expiration of its exclusivity period with Animoca Brands without a definitive agreement gives the company greater flexibility to seek financing for growth and operations
- ▪Singapore-based fintech firm Currenc Group, which tokenized its own ordinary shares on Ethereum and Solana in April 2026, remains free to raise capital while preserving the option to restart the suspended reverse merger talks with Animoca Brands, first announced in November 2025, later
Animoca ASX delisting history
- ▪Animoca Brands was delisted from the Australian Securities Exchange in 2020 following regulatory scrutiny of its cryptocurrency-related activities
- ▪In 2022, the Australian Securities and Investments Commission convicted and fined Animoca Brands for failing to lodge annual financial reports covering 2019 through 2021
Audit compliance requirements
- ▪Animoca Brands published its audited 2023 financial statements on July 17, 2026, as part of its efforts to resolve its reporting backlog and prepare for a public listing
- ▪Animoca Brands is actively preparing its audited financial statements for fiscal year 2024 to meet the compliance standards required by major public exchanges
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