Animoca Brands suspends its reverse merger talks with Currenc and delays plans for a listing on a major exchange, according to multiple reports. The company puts the merger on hold and also pushes back its Nasdaq debut plans tied to that transaction.
The merger discussions began late last year and, under earlier terms described by outlets, would have left Animoca owning a large majority stake in the combined entity. CoinDesk reports the plan would have given Animoca 95% of the merged company. Cointelegraph adds that while the reverse merger talks are suspended, Animoca says it remains committed to pursuing a listing on a major exchange.
Across the coverage, the emphasis differs slightly: CoinDesk focuses on the delay and the suspension of merger talks, while Cointelegraph highlights that the Nasdaq debut is put “on ice.” Both accounts agree on the core points that the merger negotiations are halted and the listing timeline is moved.
