Investment Activities - CPPIB is investing up to US$162 million in SC Capital, which has been a global institutional investor since 2022 [1] - CPPIB will also invest up to US$1.05 billion in a US$10.1 billion transaction for an indirect non-controlling interest in Castrol, expected to close by the end of 2026 [3] - Kelso & Co. has acquired a 25% stake in Wellington-Altus Financial Inc. for nearly US$400 million, with over 99% shareholder support [4] - Portage has closed a deal with Point72 Ventures to manage select fintech assets, moving them into a US$280 million continuation vehicle [8] Market Insights - Japan is highlighted as a key hospitality market due to strong inbound tourism and domestic demand, with SC Capital managing approximately US$9 billion in assets, 75% of which are in Japan [2] - The Canadian accredited investor market is projected to double between 2024 and 2029, prompting Maples Group to launch a fund administrative service for alternative investment funds [7] Real Estate Developments - BGO has entered the North American student housing market by acquiring a two-tower residential complex in Edmonton, which includes 272 residential units and 493 student beds [6]

Group 1: Company Overview - MercadoLibre, Inc. is the leading e-commerce and fintech platform in Latin America, integrating online retail, payments, logistics, and credit services, which provides a significant competitive advantage in high-growth markets [2] - The company's diversified business model allows it to capture multiple revenue streams and adapt to evolving digital commerce trends in the region [2] Group 2: Recent Developments - Northcape Capital increased its position in MercadoLibre by 36,862 shares during the fourth quarter of 2025, raising the total value of its holdings to approximately $238 million [3][4] - MercadoLibre now represents 27.5% of Northcape's total assets under management (AUM), making it the fund's largest holding [4] Group 3: Stock Performance - As of January 20, 2026, MercadoLibre shares were priced at $2,034.82, reflecting a 10.9% increase over the past year, although they underperformed the S&P 500 by 2.52 percentage points [3] - Over the last three years, MercadoLibre stock has achieved a total return of 85%, with a compound annual growth rate (CAGR) of 22.8%, outperforming the S&P 500's CAGR of 21.3% during the same period [5] Group 4: Market Conditions - Recent macroeconomic headwinds and increasing competition have begun to impact MercadoLibre, but it remains a strong consideration for investors interested in the Latin American e-commerce market due to its consistent growth and solid profitability [6]

Core Insights - Circle Foundation has announced its first international grant to support the UN's Digital Hub of Treasury Solutions (DHoTS), aimed at improving monetary value transfers across the UN system [1][2] - The DHoTS initiative, launched in 2021 by UNHCR, has expanded to include 15 UN agencies and focuses on creating an integrated Financial Gateway to enhance financial resilience [2][4] - The partnership aims to modernize humanitarian finance by integrating digital financial infrastructure, including regulated stablecoins, to improve efficiency and accountability in aid distribution [3][5] Group 1: Circle Foundation and DHoTS - Circle Foundation's grant builds on previous collaborations with UNHCR, particularly in pioneering USDC-based aid payouts for displaced Ukrainians [2][4] - The initiative is expected to unlock recurring savings and strengthen trust in global aid through enhanced transparency and accountability [3][4] - The global humanitarian aid system currently moves $38 billion annually but relies on outdated financial systems, which DHoTS aims to modernize [6] Group 2: Benefits of Digital Financial Infrastructure - The integration of digital financial infrastructure is projected to reduce costs and delays associated with traditional banking methods [9] - The use of regulated stablecoins for program payments is anticipated to improve transparency and build more inclusive financial systems [5][6] - DHoTS will enable near-instant cross-border transfers and automate manual processes, easing operational burdens for UN agencies [9]

Core Viewpoint - A class action lawsuit has been filed against Klarna Group plc on behalf of investors who acquired Klarna securities during the specified class period, alleging that the company failed to disclose material financial risks in its IPO documents [1][3]. Group 1: Lawsuit Details - The lawsuit claims that Klarna underestimated the likelihood of a significant increase in loss reserves shortly after its IPO, which is linked to the high-risk profiles of its customers [3]. - Investors who purchased Klarna securities during the class period have until February 20, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Financial Impact - Following a report on November 18, 2025, that Klarna had set aside greater provisions for credit losses than the market anticipated, the company's share price declined by 21% from the IPO price of $40 to $31.31 [4].

Core Insights - The company is currently trading at a price-to-earnings ratio of 6.89 times earnings [1] - It boasts a return on equity of 59.6% [1] - The company has a gross margin of 68% [1] - Revenue growth stands at an impressive 73% [1]

Core Insights - Airwallex has acquired South Korea's Paynuri Co Ltd, enabling direct operations in the country and enhancing its presence in Asia [1][2] - The acquisition provides Airwallex with essential local payment licenses and a foreign exchange business registration [2] - The company plans to launch global business accounts and payment acquiring operations in South Korea by 2026, with a goal of building a team of around 20 employees [3] Financial Overview - Airwallex was valued at $8 billion following a funding round in December, representing a 30% increase from the previous valuation [4] - The company reported an annualized revenue of $1.2 billion and an annualized transaction volume of $266 billion as of December [5] Strategic Goals - The acquisition is seen as a pivotal milestone for Airwallex in expanding its global financial platform [3] - The company aims to strengthen its global network and scale AI-driven solutions, while evaluating future capital strategies [5] - South Korea's growing ecommerce, creative, and entertainment sectors present opportunities for Airwallex to support Korean businesses in international markets [4]

Core Viewpoint - Currenc Group Inc. has received a notification from Nasdaq regarding non-compliance with listing rules due to the failure to hold an annual meeting of shareholders within the required timeframe [1] Group 1: Compliance and Regulatory Updates - The Company was notified on January 12, 2026, that it is no longer in compliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G) due to not holding an annual meeting within twelve months of the fiscal year end [1] - Currenc has 45 calendar days from January 12, 2026, to submit a plan to regain compliance, with an annual meeting scheduled for February 25, 2026 [2] - If Nasdaq accepts the proposed plan, the Company may receive an extension of up to 180 calendar days to regain compliance, until June 29, 2026 [2] Group 2: Company Overview - Currenc Group Inc. is a fintech pioneer focused on transforming global financial services through artificial intelligence (AI) solutions [3] - The Company provides comprehensive AI solutions, including SEAMLESS AI Call Centre and AI-powered Agents, aimed at reducing costs and increasing efficiency for various financial institutions [3] - Currenc's digital remittance platform facilitates real-time global payment services, enhancing financial access for underserved communities [3]

Core Insights - OnePay is launching a new feature called Swipe to Finance, allowing customers to pay over time after checkout directly in the OnePay app [2][3] - This feature is powered by Klarna and aims to provide financial flexibility to customers by enabling them to convert recent purchases into fixed-term payment plans [3][4] - The introduction of Swipe to Finance is part of a broader strategy by OnePay and Klarna to enhance payment options for consumers, following a previous partnership announced in March 2025 [4] Company Overview - OnePay is a comprehensive financial services platform that offers banking, high-yield savings, credit cards, point-of-sale lending, investment, and crypto services to help consumers manage their financial lives [5] - The company partners with various organizations, including employers and gig platforms, to provide embedded financial services to millions of employees and frontline workers [5] - OnePay operates as a financial technology company rather than a traditional bank, with services provided through partnerships with licensed banks [6] Klarna Overview - Klarna is a global digital bank and flexible payments provider with over 114 million active users and 3.4 million transactions per day [7] - The company aims to empower consumers to pay smarter through its AI-powered payments and commerce network, serving over 850,000 retailers [7] - Klarna is listed on the New York Stock Exchange (NYSE: KLAR) and is focused on expanding its presence in various payment channels [7]

Core Viewpoint - SurgePays, Inc. has initiated an underwritten public offering of its common stock and/or pre-funded warrants, aimed at enhancing its financial position and expanding access to mobile and financial services for subprime and underserved consumers [1][2]. Company Overview - SurgePays, Inc. is a wireless and fintech technology company focused on providing essential mobile and financial services to subprime and underserved consumers [6]. - The company operates a nationwide ecosystem that includes its own wireless brands and a proprietary point of sale platform, facilitating SIM activations, top-ups, financial transactions, and other digital services for prepaid and underbanked customers [6]. Business Strategy - SurgePays is advancing into data-driven marketing and digital partnerships to monetize verified consumer engagement, which is expected to create recurring, high-margin revenue streams [7]. - The company aims to become a leading digital marketplace and data intelligence platform serving the one-third of America that relies on prepaid and subprime financial services [7].

As filed with the Securities and Exchange Commission on January 20, 2026. (Primary Standard Industrial Classification Code Number) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AfterNext Acquisition I Corp. (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) Registration No. 333-292005 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 (I.R.S. Employer Identifi ...