Currenc Group Inc. (CURR) fell 2.12% to $3.70, down $0.08, after announcing plans for a reverse merger with Animoca Brands Corporation Limited.
Under the proposed non-binding term sheet, Animoca shareholders would own about 95% of the post-merger entity, with Currenc shareholders holding the remaining 5%. The companies expect the transaction to close in 2026, creating a publicly listed digital assets conglomerate focused on AI, blockchain, tokenization and real-world assets.
Currenc Group said it will move forward with negotiations and due diligence while working toward final agreements and regulatory approvals.
CURR opened near $3.78, reached a high of $4.43 and a low of $3.75, compared to a previous close of $3.78 on the Nasdaq. Trading volume surged to roughly 22.5 million shares, far above the average of about 0.56 million. The stock's 52-week range is $0.33 - $7.08.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.