Parties Extend Exclusivity Through June 30, 2026, Reaffirming Commitment to Proposed Transaction
Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (“AI”) solutions, today announced that it has entered into an Amendment Deed with Animoca Brands Corporation Limited (ACN: 122 921 813) (“Animoca Brands”) and the Company’s Chairman and Chief Executive Officer, Alexander King Ong Kong, extending the exclusivity period under the previously disclosed term sheet for their proposed reverse merger (the “Proposed Transaction”) from three months from the original execution date to June 30, 2026.
Transaction Background
On November 2, 2025, Currenc and Animoca Brands entered into a non-binding term sheet pursuant to which Currenc would acquire the entire equity interest of Animoca Brands by way of an Australian scheme of arrangement. Under the terms of the Proposed Transaction, shareholders of Animoca Brands would collectively own approximately 95% of the outstanding shares of the merged entity, with existing Currenc shareholders retaining the remaining 5%. The resulting entity is expected to operate under the Animoca Brands name. Closing is targeted for the third quarter of 2026, with a long stop date of December 31, 2026, which may be extended by an extra 6 months upon mutual agreement.
Exclusivity Extension
The Amendment Deed extends the exclusivity period, during which no party may solicit, initiate, encourage or respond to any proposals for competing transactions, from the original three-month term to June 30, 2026. The extension reflects the continued progress of the parties toward completing the Proposed Transaction, including advancement of due diligence and preparatory work toward definitive documentation. All other terms and conditions of the November 2, 2025 term sheet remain unchanged and in full force and effect.
Management Commentary
“Extending exclusivity through June 30 reflects the meaningful progress both teams have made since we announced this transaction in November,” said Alexander King Ong Kong, Chairman and CEO of Currenc. “We remain fully committed to completing this merger and creating what we believe will be one of the world’s leading publicly listed, diversified digital asset conglomerates on Nasdaq. We look forward to advancing toward definitive agreements and, ultimately, closing.”
Yat Siu, co-founder and Executive Chairman of Animoca Brands, said: “The extension of the exclusivity period expands the window to complete the detailed work required to advance this proposed transaction. We believe a Nasdaq listing would provide a powerful platform to broaden our global institutional reach and reinforce our position within the digital asset economy. The proposed merger with Currenc remains a key strategic step in the long-term development of Animoca Brands.”
