Animoca Brands Suspends Currenc Merger, Delaying Nasdaq Listing

According to BlockchainReporter, Animoca Brands and Nasdaq-listed Currenc Group have mutually suspended their proposed reverse merger, which was announced on November 3, 2025, and intended to take the Web3 and AI investor public. In a joint announcement published on September 22, the companies stated that the estimated interim period required to finalize the deal no longer aligns with their short- and medium-term strategic goals due to evolving market conditions and projected closing timelines.

Yat Siu, co-founder and executive chairman of Animoca, stated that the company's corporate agility must take precedence while affirming its focus on operational strength and compliance milestones. The transaction would have involved Currenc acquiring Animoca through an Australian scheme of arrangement, granting Animoca shareholders a 95% stake in the combined company as an alternative to a conventional initial public offering.

Animoca remains unlisted since its removal from the Australian Securities Exchange in March 2020. The company stated that its relisting ambitions and compliance roadmap remain intact, noting the recent release of audited financial statements for fiscal 2023 and ongoing preparations for fiscal 2024 results.