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Animoca Brands Suspends Currenc Merger, Delaying Nasdaq Listing
Company keeps public-market plans alive as Currenc transaction pauses over timing and market conditions
TL;DR
- Animoca Brands and Currenc Group suspended a proposed reverse merger that would have taken Animoca public on Nasdaq.
- The companies cited market conditions and a transaction timetable that did not align with their respective goals.
- Animoca remains committed to a major public-exchange listing and said discussions with Currenc could resume if conditions permit.
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Animoca Brands suspended its proposed reverse merger with Nasdaq-listed Currenc Group Inc. on September 22, 2026, delaying a planned U.S. public listing after the companies reviewed market conditions and the expected closing timetable. Animoca said the suspension does not end its effort to become publicly traded and left open the possibility of restarting discussions with Currenc.
Talks between the Hong Kong-based companies began in late 2025. Under the planned transaction, Currenc would have acquired Animoca, while Animoca shareholders would have owned 95% of the combined Nasdaq-listed company. The stated structure would have left the remaining 5% with the other side of the combination.
Animoca said the proposed timeframe for completing the transaction no longer aligned with the companies’ respective objectives. The parties mutually agreed to suspend discussions after considering both market conditions and projected closing timelines. Animoca said negotiations may resume if conditions permit.
Animoca continues work toward public listing
Animoca said it “remains fully committed” to securing a listing on a major public exchange even as the Currenc transaction remains on hold.
“As we advance the comprehensive audit processes required to meet the rigorous compliance standards of a major public exchange, we will continue to pursue optimal routes to a public listing,” said Yat Siu, executive chairman of Animoca Brands.
The statement indicates that Animoca is continuing the audit and compliance work required for a major exchange while reassessing how it could reach the public market. The company has not limited that effort to the Currenc transaction.
Animoca previously traded on the Australian Securities Exchange before being removed from the exchange in March 2020. Its current effort would return the company to public markets through a different exchange and transaction structure.
Animoca operates across decentralized finance, artificial intelligence, non-fungible tokens and gaming. Its portfolio includes The Sandbox, Moca Network and Open Campus, while advisory services have become an increasing part of its revenue stream in recent years.
Currenc shares slip after regular-session gain
Currenc shares moved in both directions around the suspension announcement.
The suspension therefore pauses one specific path to a Nasdaq debut rather than ending Animoca’s broader listing effort. Animoca continues its public-market preparation while retaining the option to return to merger discussions with Currenc under different conditions.
This article has been refined and enhanced by ChatGPT.
