Animoca Brands Suspends Currenc Merger, Delays Public Listing Plans
Animoca Brands has suspended merger negotiations with Nasdaq-listed Currenc Group after exclusivity terms expired without definitive closing conditions. The company says it continues pursuing listings on major exchanges through alternative channels.
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Story Updates
- Updated Sep 22, 2026, 08:08 PM: Animoca confirms ongoing pursuit of major-exchange listings through alternative channels beyond the Currenc deal.
Merger Suspended Over Timeline Mismatch
Animoca Brands and Currenc Group have suspended talks on their proposed reverse merger after determining the expected closing date no longer aligned with either company's short and medium-term priorities. The exclusivity agreement between the parties expired without the companies reaching definitive terms, according to CryptoSlate reporting. Under the original deal structure initiated in late 2024, Animoca was set to own 95% of the combined entity upon completion.
Public Listing Path Remains Active
The suspension effectively delays Animoca's near-term access to public markets through the Currenc structure. However, Animoca said in recent comments that it continues to pursue listings on major exchanges through other channels, suggesting the company has not abandoned its goal of going public. The company has not disclosed alternative timelines or the specific venues it is targeting.
Why It Matters
For Traders
Currenc SPAC structure no longer represents near-term liquidity catalyst; watch for announcements of alternative listing venues.
For Investors
Animoca's pivot from Currenc suggests either company reassessed deal economics or market timing; multiple paths to listing reduce execution risk.
For Builders
Portfolio companies retain uncertainty on public-market access timeline; broader major-exchange listing goal persists but remains undated.
This article is for information only and is not financial advice. Read the full disclaimer.
