Animoca Brands plans to pursue a Nasdaq listing through a reverse takeover

ChainCatcher news, according to the official blog, Yat Siu, co-founder and executive chairman of Animoca Brands, has issued a letter to shareholders announcing that the company is advancing its listing on Nasdaq through a proposed reverse takeover with fintech company Currenc Group Inc.

According to the proposed structure, upon completion of the reverse takeover, 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.