Core Viewpoint - Animoca Brands Corporation Limited, a Hong Kong-based Web3 unicorn, has signed a merger agreement with SPAC Currenc Group Inc. to go public on NASDAQ through a reverse merger, with Animoca shareholders expected to hold approximately 95% of the combined entity's equity [2][3]. Group 1: Merger Details - The merger is anticipated to be completed in 2026, subject to shareholder and regulatory approvals, along with other customary closing conditions [3]. - Currenc Group will establish a dual-class share structure for the transaction, and the board of the new company will consist of members nominated by both parties [2][3]. Group 2: Company Overview - Animoca Brands is recognized as a leader in the digital asset space, focusing on blockchain and tokenized assets to drive Web3 innovation [3]. - The company has received numerous accolades, including being listed in Fortune's top 40 cryptocurrency companies and Deloitte's Technology Fast 50 [3]. - Animoca Brands operates platforms such as Moca Network, Open Campus, and The Sandbox, and has a portfolio that includes over 600 companies and alternative token assets [3]. Group 3: Currenc Group Financials - As of November 3, 2025, Currenc Group's stock price was $2.37, with a market capitalization of approximately $180 million [4]. - The stock has experienced significant volatility, with a 52-week high of $7.08 and a low of $0.33, reflecting a decline of 62.26% from a starting price of $6.28 [6][7].