Animoca Brands has signed a non-binding letter of intent with Nasdaq-listed Currenc Group Inc. for a potential acquisition. The proposed transaction would see Currenc acquire 100% of Animoca Brands' issued shares through a scheme of arrangement, exchanging them for newly issued shares. If completed, Animoca Brands would become part of a Nasdaq-listed conglomerate. 
Under the terms of the potential deal, Animoca Brands shareholders would own approximately 95% of Currenc's outstanding shares, while existing Currenc shareholders would retain about 5%. Currenc may undergo a corporate restructuring before the transaction's implementation.
Animoca Brands Signs Intent Letter for Acquisition by Currenc Group
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