Animoca Brands don list for Nasdaq through Currenc Reverse Merger
Animoca Brands don agree non-binding term sheet wit Nasdaq-listed Currenc Group to pursue Animoca Brands Nasdaq listing through reverse merger by 2026. Under di proposed deal, Currenc go issue new shares to buy 100% Animoca Brands equity, with Animoca shareholders go keep about 95% of di combined group and Currenc existing investors hold 5%. Currenc dey plan to sell di non-core AI and digital remittance units before di closing. Di transaction still dey subject to due diligence, shareholder plus regulatory approvals. Di listing go take Animoca Brands from private fundraising go liquid US public market, expand im investor base to include institutional players and retirement funds. Chairman Yat Siu talk say di merger go create di first publicly-listed digital assets conglomerate wey cover DeFi, AI, NFTs, blockchain gaming and DeSci. CEO Alexander Kong add say e go unlock plenty shareholder value and make access to US capital markets easier. Di proposed Animoca Brands Nasdaq listing follow early plan for New York listing, wey dey tap into pro-crypto US policy environment. Main challenges na market volatility and macroeconomic headwinds.
Bullish
Di tori blong Animoca Brands go stap long Nasdaq tru long reverse merger, i givim gudpela tingting long ples blong kampani long maket. Long liklik taim, dispela tok i laik strongim bilip long Animoca Brands na ol samting bilong en, bikos i soim olsem moni bai i kamap isi, ol samting bai i stap klia moa na bai ol bigpela moni bai inap kam long en. Olpela bikpela wankain pasin bai lukim gutpela senis long ol token o ol samting we i stap bung wantaim Animoca samting long blokchain gaming na NFT. Longpela taim, sapos dispela rot bilong go long Nasdaq i wok gut, bai long Animoca Brands i gat nem bilong gutpela kampani, bai planti pipol na ol bigpela kampani bai laik putim moni long en, na bai en inap kisim moa mani blong wokim moa bisnis. Ol samting olsem ol hevi long ekonomi na ol lo bai inap mekim olsem i go slow, tasol ol manmeri i ting olgeta samting bai stap gut, bikos olgeta taim ol kampani i go long Nasdaq, ol pipol i laik putim moni long ol kampani olsem.