Animoca Brands has suspended discussions with Currenc Group over a reverse merger that would have taken the digital asset investment company public on the Nasdaq.
The Hong Kong-based company said the two sides had been unable to reconcile their timelines for the proposed transaction, which was first discussed late last year.
Under the planned deal, Animoca Brands would have owned 95% of the merged business.
Animoca Brands said it remained committed to securing a listing on a major public exchange, despite the decision to pause negotiations with Currenc Group.
Shares in Currenc Group fell 0.93% in after-hours trading on Monday following the announcement.
