New York, May 26, 2026, 17:03 (EDT)
- CURRENC Group shares rose about 7.5% to $3.27, moving in a range from $2.88 to $3.30.
- June 30 is the next key date for investors, with exclusivity on the proposed Animoca Brands reverse merger set to expire then.
- The deal is still non-binding, so execution risk stays high.
CURRENC Group Inc shares gained in late trading Tuesday. The stock picked up in its first U.S. session after the Memorial Day break, with traders watching for updates on the proposed reverse merger with Animoca Brands. Shares last traded at $3.27, up 23 cents, and volume was about 146,000 shares.
CURRENC and Animoca’s exclusivity window ends June 30, so timing is tight. The Nasdaq holiday for Memorial Day on May 25 kept the market shut, with trading picking back up Tuesday. Now there’s under five weeks left for the deal.
CURRENC said in a filing on May 6 that it pushed out exclusivity terms on its planned reverse merger, which would see Animoca shareholders with roughly 95% of the combined company and current CURRENC holders left with about 5%. The deal aims to close in the third quarter, with a Dec. 31 long-stop date that has a possible six-month extension. The merger, disclosed earlier, would let the company access the public market by merging with a listed firm.
Chairman and CEO Alexander King Ong Kong said the extension “reflects the meaningful progress both teams have made.” Animoca Brands co-founder and executive chairman Yat Siu said the move “expands the window to complete the detailed work required.” GlobeNewswire
The stock’s advance stood out from the wider crypto market. Bitcoin and ether dropped about 1.6% each. Digital-asset stocks showed no clear direction: Coinbase Global slipped 2.7%, Riot Platforms was up 6.5%, and Robinhood Markets edged up 0.6%. Tech names were stronger. Invesco QQQ Trust gained 1.7%, and SPDR S&P 500 ETF Trust added 0.6%.
CURRENC’s business is still shifting. In its May 1 release, the company posted 2025 total processing value of $5.6 billion via Tranglo. Revenue, without TNG Asia and GEA, came in at $37.8 million. Gross profit was $15.4 million. Net loss totaled $18.5 million.
Wan Lung Eng, CFO at CURRENC, said what counts are the “structural” numbers, citing gross margin up at 40.8% from 31.4%, and operating costs cut to $23.4 million from $42.0 million. The company said it’s moving capital away from lower-margin airtime services and into artificial intelligence products.
Animoca’s plan is just a piece of the broader shift. On April 8, Securitize said it had tokenized CURRENC’s ordinary shares on Ethereum and Solana, so now the shares can exist as digital tokens and move on those blockchains. Securitize CEO Carlos Domingo called it “issuer-led tokenization.” PR Newswire
Deal risk is still on the table. The term sheet and amendment deed aren’t binding, and CURRENC hasn’t signed definitive agreements. Its prospectus supplement notes the merger, any planned pre-closing financing, and the projected benefits could fall through. That same filing points to dilution, listing risk, and questions about selling its 60% share in Tranglo to New Margin for $400 million. The sale still depends on regulatory and third-party clearances.
Right now, the stock’s moves are more about key dates than earnings. Investors are watching the June 30 merger exclusivity, a target to close in the third quarter, and the Sept. 30 deadline for the Tranglo sale, which the company announced.
