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Crypto Giant Animoca Brands Eyes Nasdaq Debut via Reverse Merger
Yahoo Finance路 2025-11-03 15:55
Core Viewpoint - Animoca Brands plans to go public on the Nasdaq through a reverse merger with fintech Currenc Group, aiming to create the world's first publicly-listed, diversified digital assets conglomerate [1][2]. Group 1: Merger Details - The merger is expected to close in 2026, with Animoca's co-founder stating that the company has investments across decentralized finance and NFTs [2]. - Under the merger arrangement, Currenc will acquire 100% of Animoca's shares, resulting in Animoca owning 95% of the new entity, while Currenc shareholders will hold a 5% stake [5]. Group 2: Company Background - Animoca Brands, established in 2014, has invested in notable projects such as The Open Network, Immutable, OpenSea, The Sandbox, and Decentraland [3]. - As of September 30, Animoca's portfolio includes 628 investments primarily focused on gaming and infrastructure, with additional interests in sports, art, fashion, and the metaverse [4]. Group 3: Financial Position - Animoca's digital asset treasury includes Bitcoin, Ethereum, Solana, and MOCA, which recently had a market capitalization of $208 million [5]. - The company's shares dropped 19% to $3.05 on the announcement day but had increased by 61% over the previous five trading days [1]. Group 4: Regulatory Considerations - The merger is subject to approval from Australian regulators, and Animoca was previously delisted from the Australian Securities Exchange in 2020 due to compliance issues [6].
Animoca Brands Eyes Nasdaq Listing with Currenc Group Merger
Yahoo Finance路 2025-11-03 14:16
Core Viewpoint - Animoca Brands Corporation Limited is pursuing a merger with Currenc Group Inc. to facilitate a Nasdaq listing, potentially creating the first publicly-listed diversified digital assets conglomerate [2][4]. Group 1: Transaction Details - Animoca Brands has signed a non-binding term sheet with Currenc Group, which may lead to Currenc acquiring 100% of Animoca's issued shares through a scheme of arrangement [1][2]. - The deal is expected to close by 2026, contingent upon shareholder and regulatory approvals [2]. - Approximately 95% of the issued shares will be allocated to Animoca Brands shareholders as part of the transaction [3]. Group 2: Strategic Intent - The merger aims to provide investors on Nasdaq direct access to the trillion-dollar altcoin digital economy, encompassing sectors like DeFi, AI, NFTs, gaming, and DeSci [2]. - Animoca Brands has previously attempted to expand into the US market, seeking a New York listing to tap into the world's largest capital market [5]. Group 3: Due Diligence and Conditions - The potential transaction is non-binding and requires satisfactory due diligence from both parties before moving forward [4]. - Binding documentation will be necessary after board approvals are obtained for a full-form transaction agreement [4].
X @wale.moca 馃惓
wale.moca 馃惓路 2025-11-03 08:45
0G pumping today.They also released something cool for their One Gravity NFTs last month, still holding one of them.TLDR they rolled out AIverse, a platform that basically bridges NFTs and AI agents. Similar to how dynamic metadata became a thing, this could be another cool feature for NFTs that goes beyond collectibles.Happy to be partnered with them ...
X @Wendy O
Wendy O路 2025-11-01 07:57
RT Wendy O (@CryptoWendyO)BREAKING:YouTube is not banning Crypto or NFTsYou just can鈥檛 promote gamblingGambling was never allowed on YouTube. https://t.co/QRYwBd70SA ...
X @wale.moca 馃惓
wale.moca 馃惓路 2025-10-31 11:50
I know no one wants to hear this, but InfoFi has saved many first cyclers this year.It was a very difficult environment if you got into crypto at the end of 2024 or early 2025.Very different from 2021/22 when it was still easy to make money by just minting random NFTs and joining the right communities.People have been destroyed multiple times, forced to play with leverage they don't really understand.And with most interesting plays requiring a lot of existing capital or knowledge to take advantage of them.Y ...
X @wale.moca 馃惓
wale.moca 馃惓路 2025-10-30 09:25
NFTs with a small bounce today after a brutal month with most floor prices down -20% or more.Mocaverse up +50% today after the launch of a MocaStrategy token https://t.co/LCignVGSgg ...
X @BSCN
BSCN路 2025-10-29 13:40
馃 Looking to diversify into a safe-haven asset, like real estate, during a turbulent time for the crypto markets?@asx_capital's yield-bearing NFTs are backed by investments into premium US real estate, and they just might be the opportunity you've been waiting for... 猬囷笍ASX (@asx_capital):Global markets feel chaotic right now, with crypto being especially volatile in recent months.We are happy to make it easy to diversify your portfolio into real estate backed assets on chain, earning real yield straight to ...