Currenc suspends merger talks with Animoca Brands
CURR•Merger talks paused after exclusivity expired
Currenc and Animoca Brands suspended merger talks tied to a non-binding term sheet for a proposed business combination.
CURR•CURR•CURR•Currenc and Animoca Brands suspended merger talks tied to a non-binding term sheet for a proposed business combination.
The plan contemplated Currenc acquiring all Animoca Brands equity via an Australian scheme of arrangement. Animoca Brands shareholders were set to hold about 95% of the combined company, with Currenc shareholders retaining 5%.
Talks were paused after exclusivity expired and no definitive merger agreement was reached.
The suspension is expected to give Currenc more flexibility to pursue financing for growth and operations.
