07:25 AM EST, 11/03/2025 (MT Newswires) -- Currenc Group ( CURR ) said Monday it proposes to acquire Animoca Brands through a reverse merger, with the resulting entity expected to keep the Animoca Brands name.

Under the proposed structure, Animoca shareholders would own about 95% of the issued shares in the resulting entity, with the rest to be held by current Currenc ( CURR ) shareholders.

In connection with the deal, Currenc ( CURR ) said it expects to authorize a dual-class share structure, while the deal is expected to close next year.

The company plans to divest some of its existing business operations. Currenc ( CURR ) expects the operations to be spun off to its existing shareholders prior to the closing of the merger.

The company's shares were up 29% in recent premarket activity.