Loading...
[Animoca Brands Reverse Merger Expected to Be Completed by 2026, Plans to Establish New York Office] The reverse merger between Animoca Brands and Currenc Group Inc. is expected to be completed by 2026, marking Animoca's return to the public market after being delisted from the Australian Securities Exchange in 2020 due to violations of listing rules. The transaction requires approval from regulatory authorities in both the United States and Australia, and is contingent on Animoca providing audited financial statements for the past several years. Executive Chairman Yat Siu stated that Animoca has achieved profitability but has not yet disclosed this year's financial results. The two parties have signed a letter of intent and agreed to a three-month exclusivity period to finalize the definitive agreement. Currenc plans to divest certain business units during the merger process. Additionally, Animoca plans to establish an office in New York, with Yat Siu noting that former U.S. President Trump’s support for the cryptocurrency industry was a key factor in this decision.