Web3 Powerhouse Animoca Brands Targets Nasdaq Listing via Strategic Reverse Merger
Hong Kong-based Web3 unicorn, Animoca Brands, is poised to achieve its goal of a U.S. public listing next year. The company announced on Monday a definitive move to go public through a reverse merger with Nasdaq-listed Currenc Group (NASDAQ: CURR).
A Landmark Transaction for the Digital Asset Ecosystem
The announcement confirms that both parties have signed a non-binding term sheet, outlining a preliminary intent for Currenc Group to acquire 100% of Animoca Brands’ issued shares through a reverse merger mechanism. This strategic maneuver is set to create a new publicly traded entity with a significant footprint in the burgeoning digital economy.
Under the proposed corporate structure, Animoca Brands’ existing shareholders are expected to collectively hold approximately 95% of the newly formed company’s issued shares upon completion of the transaction. Current Currenc Group shareholders will retain approximately 5%.
The transaction is anticipated to conclude in 2026, subject to the customary approvals from shareholders and regulatory bodies, along with other standard closing conditions. Following the merger, the combined entity will operate under the globally recognized “Animoca Brands” name and maintain its listing on the Nasdaq stock exchange.
Unlocking the Multi-Trillion Dollar Digital Economy
Yat Siu, Co-founder and Executive Chairman of Animoca Brands, emphasized the profound implications of this merger. “The proposed merger of our two companies will give rise to the world’s first publicly listed diversified digital asset group,” Siu stated. “This will empower investors to directly capitalize on the growth potential of the multi-trillion dollar digital economy through a comprehensive and diversified vehicle spanning DeFi, AI, NFTs, gaming, and DeSci.”
Animoca Brands: A Global Leader in Web3 Innovation
Animoca Brands has established itself as a global pioneer and leader within the digital asset ecosystem. Its expansive and diversified investment portfolio encompasses over 600 companies, with strategic interests across critical sectors such as Real World Assets (RWA), Artificial Intelligence (AI), gaming, blockchain infrastructure, and Decentralized Finance (DeFi).
The company’s robust digital asset holdings include prominent cryptocurrencies like Bitcoin, Ethereum, and Solana (SOL). Furthermore, Animoca Brands has made significant investments in leading digital asset companies, including Ledger, Kraken, Igloo, Consensys, Humanity Protocol, and LayerZero, solidifying its position at the forefront of Web3 innovation.
A Journey of Evolution and Resilience
Founded in 2014, Animoca Brands initially focused on mobile game development and publishing. The company previously held a listing on the Australian Securities Exchange (ASX) but was delisted in 2020 due to increased scrutiny surrounding its involvement in the cryptocurrency business. This upcoming Nasdaq listing marks a pivotal moment in its journey, showcasing its resilience and evolution into a dominant force in the global Web3 landscape.
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