Animoca Brands halts reverse merger with Currenc Group

Animoca Brands (Animoca Brands) and Nasdaq-listed Currenc Group (Currenc Group) have suspended their proposed reverse merger negotiations. Animoca stated that the deal's timeline no longer aligns with its current objectives given changing market conditions. While the company remains committed to relisting on a major public exchange, it is currently prioritizing financial reporting for the 2024 fiscal year to determine the best path forward.