Animoca and Currenc pause reverse-merger talks for now, putting on hold the Nasdaq-bound route that was originally planned and temporarily making it impossible to move forward.
According to a BlockBeats report on September 22, Animoca Brands and Nasdaq-listed company Currenc Group have jointly suspended negotiations regarding a reverse merger. Under the earlier proposal, Animoca shareholders would hold approximately 95% of the shares after the merger, and the planned path toward Nasdaq has been temporarily halted. Animoca has reiterated its commitment to relisting on major trading platforms, and Chairman Yat Siu said that, at present, a company’s “flexibility” matters more than the merger itself.
For the market, news like this typically first dampens expectations for public fundraising and liquidity, and related Web3 gaming, NFT, and RWA narratives often cool off as well. Next, two things to watch are: how CURR will absorb the wording about “preserving financing flexibility,” and whether Animoca will provide new listing or financing arrangements. Which are you more focused on—the short-term sentiment around CURR, or potential changes to Animoca’s next steps?
Caption 1: Animoca and Currenc pause reverse-merger talks · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/368329
According to a BlockBeats report on September 22, Animoca Brands and Nasdaq-listed company Currenc Group have jointly suspended negotiations regarding a reverse merger. Under the earlier proposal, Animoca shareholders would hold approximately 95% of the shares after the merger, and the planned path toward Nasdaq has been temporarily halted. Animoca has reiterated its commitment to relisting on major trading platforms, and Chairman Yat Siu said that, at present, a company’s “flexibility” matters more than the merger itself.
For the market, news like this typically first dampens expectations for public fundraising and liquidity, and related Web3 gaming, NFT, and RWA narratives often cool off as well. Next, two things to watch are: how CURR will absorb the wording about “preserving financing flexibility,” and whether Animoca will provide new listing or financing arrangements. Which are you more focused on—the short-term sentiment around CURR, or potential changes to Animoca’s next steps?
Caption 1: Animoca and Currenc pause reverse-merger talks · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/368329
