Animoca Brands halts reverse merger, delays Nasdaq listing plans

Animoca Brands and Currenc Group have terminated their reverse merger negotiations, effectively delaying Animoca's planned listing on the Nasdaq. Co-founder Yat Siu stated that the decision prioritizes corporate agility, noting that the timeline for the merger no longer aligned with the company's strategic goals. Animoca remains committed to pursuing a public listing in the future, though it continues to navigate complex audit requirements following its 2020 delisting from the Australian Securities Exchange.