Animoca Brands plans to promote its listing on Nasdaq through a reverse acquisition

According to the official blog, Yat Siu, co-founder and executive chairman of Animoca Brands, published a letter to shareholders announcing that it is pushing for Animoca Brands to be listed on NASDAQ through a proposal for a reverse acquisition with fintech company Currenc Group Inc.

Under the proposed structure, after the completion of the reverse acquisition, shareholders of Animoca Brands will collectively own approximately 95% of the issued shares of the merged entity, which is expected to operate under the name Animoca Brands. Previously, Animoca Brands announced that it had signed a letter of intent with NASDAQ-listed company Currenc Group.