Animoca Hits Pause on Reverse Merger – But Its Public Listing Ambitions Aren’t Going Away

The suspension does not rule out a future deal with Currenc Group, Animoca said in its statement. Animoca Brands has mutually suspended discussions with Currenc Group over a proposed reverse merger. The deal was first announced on November 3, 2025. Both companies agreed to pause the talks after reviewing the expected timeline for completing the transaction and changes in market conditions. Merger Talks on Hold In its official blog post, Animoca Brands said the time needed to complete the deal does not currently fit its short- and medium-term strategic goals and added that the two sides may resume discussions if market and business conditions allow. Despite the pause, the Web3 giant said it is currently working on its financial compliance and corporate governance plans. Animoca issued its audited financial statements for fiscal year 2023 on July 17, 2026. This was the company’s second set of audited financial statements released this year. It is now working on statements for fiscal year 2024. According to Animoca, completing both reports is an important step in its efforts to meet the requirements for a future public listing. Meanwhile, co-founder and executive chairman Yat Siu stat...