Animoca Brands Prepares For Nasdaq Listing Through Reverse Merger

By: Isha Das

In a significant move within the cryptocurrency and fintech industries, Animoca Brands, renowned for its investments and ventures within the digital asset and gaming sectors, is gearing up for a Nasdaq listing through a reverse merger with the AI-focused fintech company, Currenc Group. This strategic initiative is anticipated to enhance Animoca's presence in public markets while expanding its influence within the rapidly evolving blockchain and cryptocurrency realm.

The reverse merger entails Currenc Group acquiring 100% of the issued shares of Animoca Brands, fundamentally altering the ownership structure. Upon the successful completion of this transaction, Animoca Brands' shareholders are positioned to hold approximately 95% of the merged entity's issued shares. Such a considerable stake highlights the magnitude of this merger, making Animoca's entry into the Nasdaq market a significant event.

Animoca Brands, headquartered in Hong Kong, has made substantial strides within the cryptocurrency sector, notably through its pioneering work in crypto gaming and non-fungible tokens (NFTs). The firm's venture into public markets aligns with its broader strategy, offering new avenues for growth and enhanced investor engagement. By leveraging the technological expertise of Currenc Group, the merger is set to create a robust platform combining fintech and crypto innovations. For more information, please visit the official website of Animoca Brands.

This strategic decision follows a comprehensive non-binding term sheet agreement between the two companies, outlining the roadmap for this transformative merger. As Animoca Brands prepares to navigate the public listing process, the announcement has garnered attention from both the crypto community and traditional investors, marking a pivotal chapter in the company's ongoing evolution. For continuous updates on this and other crypto news, follow Animoca's official communication channels.