Animoca Brands has suspended its reverse merger with Currenc Group

• Animoca Brands and Currenc Group have mutually paused discussions on the proposed reverse merger deal.
• The companies said talks could resume if market conditions allow.
• Animoca Brands said it remains committed to relisting on a major public exchange.

Animoca Brands and Currenc Group Inc. paused discussions on the proposed reverse merger deal. This would have enabled the company to enter the public equity markets. 

The parties initially announced the planned deal on November 3, 2025. It envisioned Animoca Brands listing on Nasdaq via a reverse merger with fintech firm Currenc Group Inc. (ticker: CURR).

The companies made the decision after revisiting the expected timeline for closing the deal and assessing the shift in market conditions. The parties concluded that the anticipated interim period required to complete the transaction does not align with their short- and medium-term strategic objectives.

At the same time, Animoca Brands and Currenc Group did not rule out returning to discussions if conditions allow.

Animoca Brands said it remains fully committed to relisting on a major public exchange. The company also continues its work on public-market readiness and corporate governance.

As part of this effort, Animoca Brands is progressing along its financial compliance roadmap. On July 17, 2026, the company published audited financial statements for fiscal year 2023. This was the second set of audited statements released by Animoca Brands this year.

The company is also preparing audited financial statements for fiscal year 2024. Animoca Brands noted that completing both reports is an important milestone for the company.

“While we highly value the proposed merger with Currenc Group, corporate flexibility must remain a priority. Today, we reaffirm our focus from a position of significant operational strength, a unique portfolio of digital assets and AI, and a purposeful drive toward meeting compliance milestones,” said Animoca Brands co-founder and executive chairman Yat Siu.

He added that the company will continue to seek the best routes to a public listing as it advances the audit processes required to meet the standards of a major public exchange.

Previously, we reported that Animoca Brands plans to conduct an initial public offering (IPO) in the US. At the time, Siu said that the shift in the US administration’s approach to digital assets creates an opportunity for the company to enter the largest capital market.

Сообщение Animoca Brands has suspended its reverse merger with Currenc Group появились сначала на INCRYPTED.