[Animoca Brands and Currenc Group Sign Non-Binding Letter of Intent] Animoca Brands has signed a non-binding letter of intent with Nasdaq-listed company Currenc Group Inc. regarding a potential transaction proposal. According to the agreement, Currenc Group intends to acquire 100% of the issued shares of Animoca Brands through a scheme of arrangement in Australia, with newly issued shares of Currenc as consideration. If the transaction is agreed upon and implemented, Animoca Brands will become part of a Nasdaq-listed consolidated group. Prior to the implementation of the transaction, Currenc may undergo a corporate restructuring. Upon completion of the transaction, Animoca Brands shareholders are expected to hold approximately 95% of Currenc's outstanding shares, while existing Currenc shareholders are expected to hold approximately 5%.
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