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Currenc Group Inc.(CURR) - 2024 Q1 - Quarterly Report
2024-05-21 00:27
Financial Performance - For the three months ended March 31, 2024, the company reported a net income of $590,103, with operating costs of $358,997 and interest earned on marketable securities of $949,100[121]. - The company incurred cash used in operating activities of $275,757 for the three months ended March 31, 2024, compared to $129,918 for the same period in 2023[125][126]. - The Company does not expect to generate operating revenues until after the completion of its Business Combination, relying on non-operating income from interest on marketable securities[136]. Financial Position - As of March 31, 2024, the company held marketable securities in the Trust Account amounting to $54,506,397, consisting of money market funds and government bonds[127]. - The company had a working capital deficit of $4,875,044 as of March 31, 2024, with only $9,458 in cash available in its operating account[129]. - The Company has $9,458 in cash, which may not be sufficient to sustain operations for at least the next 12 months from the issuance of the financial statements[135]. - The company had an aggregate redemption amount of approximately $109.31 million from Class A ordinary shares during the First Extension Proposal[113]. Funding and Capital Structure - The company generated total gross proceeds of $207,795,642 from its Initial Public Offering and Private Placement, with $202,998,782 placed in the Trust Account[124]. - The company plans to use funds in the Trust Account primarily for acquiring a target business and covering related expenses[127]. - The Company issued an unsecured promissory note (the "Seamless Note") for up to $500,000, with $241,706 outstanding as of March 31, 2024[133]. - The company has issued unsecured promissory notes to the Sponsor, with $250,000 outstanding under the Amended Note as of March 31, 2024[132]. - As of March 31, 2024, an additional $320,000 was deposited into the Trust Account, totaling $560,000 in required contributions by May 20, 2024[134]. Compliance and Regulatory Matters - The company received a notification from NYSE regarding non-compliance with the minimum public shareholders requirement, with a plan accepted to return to compliance within 18 months[118]. - The company has until November 23, 2024, to consummate its initial business combination following the approval of the Third Extension Proposal[116]. - The Company is obligated to pay a deferred underwriting commission of $5,999,964 upon consummation of its initial Business Combination[139]. Operational Considerations - The Company incurs a monthly fee of $10,000 for office space and administrative support, which began on November 23, 2021[138]. - There are no off-balance sheet financing arrangements or obligations as of March 31, 2024[137]. Management and Accounting - Management's estimates and assumptions in financial statements could materially differ from actual results[140]. - Recent accounting standards are not expected to have a material effect on the financial statements[141]. - The Company is classified as a smaller reporting company and is not required to provide additional market risk disclosures[143].
Currenc Group Inc.(CURR) - 2023 Q4 - Annual Report
2024-03-27 21:03
Financial Performance - Revenue for the quarter increased by 15% compared to the same period last year [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8% due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new international markets, contributing to a 20% increase in global sales [4]. - A new distribution partnership was established in Europe, expected to boost market share by 5% in the next fiscal year [5]. Product Development - Launched three new products, which accounted for 25% of total revenue this quarter [6]. - R&D spending increased by 10% to support ongoing innovation and product enhancements [7]. Operational Efficiency - Implemented new cost-saving measures that reduced production costs by 5% [8]. - Streamlined supply chain operations, resulting in a 15% improvement in delivery times [9]. Strategic Initiatives - Announced a new sustainability initiative aimed at reducing carbon emissions by 20% over the next five years [10]. - Signed a strategic alliance with a leading tech firm to co-develop next-generation AI solutions [11]. Shareholder Value - Declared a quarterly dividend of $0.50 per share, representing a 10% increase from the previous quarter [12]. - Share buyback program was expanded by $500 million, reflecting confidence in the company's future growth [13]. Risk Management - Identified potential risks in the supply chain and implemented contingency plans to mitigate disruptions [14]. - Increased insurance coverage to protect against potential cybersecurity threats [15].
Currenc Group Inc.(CURR) - 2023 Q3 - Quarterly Report
2023-11-20 21:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41079 INFINT ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |---------------- ...
Currenc Group Inc.(CURR) - 2023 Q2 - Quarterly Report
2023-08-14 20:54
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41079 INFINT ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |--------------------- ...
Currenc Group Inc.(CURR) - 2023 Q1 - Quarterly Report
2023-05-11 18:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41079 INFINT ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |-------------------- ...
Currenc Group Inc.(CURR) - 2022 Q4 - Annual Report
2023-03-21 23:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41079 INFINT ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands 98-1602649 (State or other jurisdiction ...
Currenc Group Inc.(CURR) - 2022 Q2 - Quarterly Report
2022-08-09 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41079 INFINT ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | Cayman Islands | 98-1602649 | | -- ...
Currenc Group Inc.(CURR) - 2022 Q1 - Quarterly Report
2022-05-16 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41079 INFINT ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | Cayman Islands | 98-1602649 | | - ...
Currenc Group Inc.(CURR) - 2021 Q4 - Annual Report
2022-03-23 01:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41079 INFINT ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...