CURRENC Group jumps 30% on reverse merger with Animoca Brands

* Currenc Group (CURR [https://seekingalpha.com/symbol/CURR]) entered [https://seekingalpha.com/pr/20289161-currenc-group-announces-proposed-reverse-merger-with-animoca-brands-corporation-limited]into a non-binding term sheet with Animoca Brands in relation to a potential proposal for Currenc to acquire 100% of Animoca Brands’ issued shares via a reverse merger.
* Upon completion, the combined entity is expected to be listed on Nasdaq and operate under the Animoca Brands name, with Animoca Brands' shareholders owning approximately 95% of the resulting company and Currenc's (CURR [https://seekingalpha.com/symbol/CURR]) current shareholders holding about 5%.
* The parties currently expect closing to occur in 2026.
* The company plans to authorize a dual-class share structure, and the board of the new entity will include nominees from both companies.
* The stock price gained 30% to $4.24 on Monday during pre-market hours of trading.

MORE ON CURRENC

* Currenc Group announces up to $33 million convertible note financing [https://seekingalpha.com/news/4503022-currenc-group-announces-up-to-33-million-convertible-note-financing]
* Seeking Alpha’s Quant Rating on Currenc  [https://seekingalpha.com/symbol/CURR/ratings/quant-ratings]
* Historical earnings data for Currenc  [https://seekingalpha.com/symbol/CURR/earnings]
* Financial information for Currenc  [https://seekingalpha.com/symbol/CURR/income-statement]