CURR · Currenc Group, Inc.

Currenc Group has amended its non-binding term sheet with Animoca Brands through an Amendment Deed, extending the exclusivity period to June 30, 2026. This extension underscores ongoing progress in due diligence and preparatory work for definitive agreements, signaling strong mutual commitment to the proposed reverse merger. Under the transaction structure, Currenc would acquire all equity interest in Animoca Brands via an Australian scheme of arrangement, resulting in Animoca shareholders owning approximately 95% of the combined public company listed on Nasdaq, with Currenc's existing shareholders retaining 5%. The merged entity will operate under the Animoca Brands name, positioning it as a leading publicly listed diversified digital asset conglomerate. Management from both sides expressed optimism, with Currenc's Chairman and CEO Alexander King Ong Kong highlighting meaningful progress since the November 2025 announcement, and Animoca's co-founder Yat Siu emphasizing the strategic value of a Nasdaq listing for global reach in the Web3 economy. The timeline targets closing in Q3 2026, with a long stop date of December 31, 2026, potentially extendable by six months upon agreement. This development maintains momentum toward a transformative deal without altering core ownership or other term sheet conditions, providing investors clarity on the path forward amid forward-looking uncertainties noted in the safe harbor statement.