Animoca Brands suspended its reverse merger talks with Currenc but said it remains committed to pursuing a listing on a major exchange.
Animoca Brands has suspended plans to take the company public through a reverse merger with Nasdaq-listed Currenc Group.
Both parties mutually agreed on the decision after reviewing market conditions and the deal’s projected closing timelines, Animoca announced Tuesday.
Under the proposed transaction, Currenc would have acquired Animoca, with Animoca shareholders owning 95% of the combined Nasdaq-listed company.
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