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Animoca Manufacturers' Nasdaq itemizing now nominally valued at +$8 billion
Animoca Manufacturers and Currenc Group (Nasdaq: CURR) have prolonged the exclusivity interval on their proposed reverse merger via to thirtieth June 2026. This highlights the continued momentum towards what could be essentially the most vital public itemizing of a consumer-facing blockchain app and gaming firms, to not neglect Animoca’s in depth different investments.
The deal, first outlined in a time period sheet signed on 2nd November 2025, would see Currenc purchase all fairness pursuits in Animoca Manufacturers.
Submit-completion, Animoca shareholders would personal roughly 95% of the mixed entity, with present Currenc shareholders retaining 5%. The merged firm would function beneath the Animoca Manufacturers title and commerce on Nasdaq.
On this method, Currenc Group is successfully serving because the shell car for Animoca’s public market debut. This reverse merger route sidesteps the prolonged and unsure conventional IPO course of, giving Animoca a cleaner path to US capital markets at a time when regulatory readability round digital belongings is regularly enhancing.
This course of additionally places a nominal worth on Animoca’s future worth as a public firm. Currenc’s present market capitalization of $435 million values Animoca at $8.7 billion, up from $2.4 billion when the deal was introduced.
The exclusivity extension prevents both social gathering from partaking with competing proposals whereas due diligence and definitive documentation are finalized. The events are focusing on a Q3 2026 shut, with a protracted cease date of thirty first December 2026 that may be prolonged by mutual settlement for an extra six months if wanted.
Currenc CEO Alexander King Ong Kong framed the extension as a mirrored image of the significant progress each groups have made in advancing towards definitive agreements. Animoca’s government chairman Yat Siu emphasised the strategic worth of a Nasdaq itemizing and famous the extension gives the window wanted to finish the detailed work required.
For the broader web3 gaming ecosystem, the implications are substantial. Animoca Manufacturers sits on the centre of probably the most in depth funding and partnership networks in blockchain gaming, with stakes in lots of of initiatives spanning metaverse platforms, NFT marketplaces, play-to-earn video games, and digital property rights infrastructure. A profitable Nasdaq itemizing wouldn't solely present Animoca with entry to deeper capital swimming pools however would additionally lend additional institutional legitimacy to the sector.
The deal stays topic to due diligence, definitive agreements, regulatory approvals, and shareholder votes on either side, so there may be nonetheless loads of work to be achieved. However the extension suggests each events stay dedicated to getting it throughout the road.