Animoca Brands plans to pursue a Nasdaq listing through a reverse takeover
ChainCatcher news, according to the official blog, Yat Siu, co-founder and executive chairman of Animoca Brands, has issued a letter to shareholders announcing that the company is advancing its listing on Nasdaq through a proposed reverse takeover with fintech company Currenc Group Inc.
According to the proposed structure, upon completion of the reverse takeover, shareholders of Animoca Brands will collectively own approximately 95% of the issued shares of the merged entity, which is expected to operate under the name Animoca Brands. Previously, Animoca Brands announced that it had signed a letter of intent with Nasdaq-listed company Currenc Group.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitmine accumulated over 40,000 ETH in the past six hours, with a total value exceeding $138 million.
US lawmakers to meet with crypto czar David Sacks to discuss market structure bill
JPMorgan CEO: An economic recession with credit implications is coming
