Animoca Brands, one of the leading crypto investor funds, plans to go public on Nasdaq through a reverse merger with Currenc Group 0 merger will be finalized in 1 Brands plans a reverse merger with Currenc Group Inc., to become a public Nasdaq-listed 2 leading crypto investment fund, which is already well-padded from previous ICOs, may have additional access to funding and liquidity, as well as the US 3 merger is subject to regulatory approval in the US and Australia. “ The proposed merger of Animoca Brands and Currenc will result in the world’s first publicly-listed, diversified digital assets conglomerate, giving investors on Nasdaq direct access to the growth potential of the trillion-dollar altcoin digital economy through a single, diversified vehicle spanning DeFi, AI, NFTs, gaming, and DeSci,” said Yat Siu, Co-founder and Executive Chairman of Animoca 4 merger is expected to close in early 5 Brands shareholders will own about 95% of the new entity’s issued 6 deal’s conditions were outlined in a non-binding term sheet co-signed with Currenc.
Co-owners will include Kingsway Capital, 50T Funds, and 7 the merger news, Currenc stocks rose by over 30% to $3.78, a five-year 8 the news of the reverse merger, CURR shares jumped by 30%, to trade at their highest level for the past five years. |
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