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.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
September 04, 2026 15:08 ET The job report and foreign trade data were the main economic news from the U.S. in the first week of September. Elsewhere in North America, the Canadian central bank announced its latest policy decision. Inflation data from Eurozone was the highlight in Europe. The latest interest rate decision by the Reserve Bank of New Zealand drew attention in Asia.