Animoca Brands announces signing a letter of intent with Nasdaq-listed company Currenc Group

According to an official announcement reported by Jinse Finance, Animoca Brands has signed a non-binding letter of intent with Nasdaq-listed company Currenc Group Inc regarding a potential proposal. The proposal involves Currenc planning to acquire 100% of the issued shares of Animoca Brands through a scheme arrangement ("Potential Transaction"). Under the terms of the Potential Transaction, Currenc would acquire all shares of Animoca Brands in exchange for newly issued shares of Currenc under an Australian scheme arrangement. If the Potential Transaction is agreed upon and implemented: Animoca Brands will become part of a Nasdaq-listed consolidated group. Prior to the implementation of the Potential Transaction, Currenc may undergo a corporate restructuring. Upon implementation of the Potential Transaction, shareholders of Animoca Brands are expected to hold approximately 95% of Currenc's outstanding shares, while existing Currenc shareholders are expected to hold approximately 5% of Currenc's outstanding shares.