Currenc Group Inc. has proposed a reverse merger with Animoca Brands to create a diversified digital assets conglomerate, expected to revolutionize the digital economy landscape.
Target Information
Currenc Group Inc. (Nasdaq: CURR) is a pioneering fintech company that specializes in delivering artificial intelligence (AI) solutions to financial institutions globally. The company has announced its intention to acquire 100% of Animoca Brands Corporation Limited’s issued shares through a proposed reverse merger. This non-binding term sheet represents a strategic step to strengthen Currenc's position in the burgeoning digital asset landscape.
The expected outcome of the proposed merger would be a Nasdaq-listed entity with a robust growth strategy, focusing on digital asset investments, real-world asset (RWA) tokenization, and blockchain applications catering to both consumers and institutions. Following the merger, Animoca Brands shareholders are projected to hold approximately 95% of the new entity's shares, while Currenc shareholders will retain around 5%.
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Industry Overview
The digital asset ecosystem has witnessed rapid growth as a result of increased adoption of cryptocurrencies and blockchain technologies. In recent years, the landscape has evolved, enhancing opportunities across various sectors, including de
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