Animoca Brands Plans Nasdaq Listing Through Reverse Merger (1)

Animoca Brands, the Hong Kong-based crypto investor and blockchain developer, plans to go public on the Nasdaq stock exchange through a reverse merger with Currenc Group Inc.

After the transaction, which is expected to close in 2026, Animoca shareholders will own about 95% of the new entity’s issued shares, the companies said in a statement on Monday. Those investors include Kingsway Capital, 50T Funds and SoftBank, Executive Chairman Yat Siu said in an interview.

The deal would mark Animoca’s return to the public markets after the company was delisted from the Australian Securities Exchange in 2020 due to concerns ...