CURRENC Group shares surge 17.09% intraday following proposed reverse merger with crypto firm Animoca Brands.

CURRENC Group surged 17.09% intraday following its announcement of a proposed reverse merger with Animoca Brands Corporation Limited on November 3, 2025. The merger, aimed at creating a leading digital assets conglomerate, triggered significant investor optimism, with shares surging 25% premarket on the same day. This strategic move signals expansion into the high-growth crypto and digital assets sector, aligning with recent financing activities, including a $33 million convertible note offering, to fund operations. The bullish reaction contrasts with prior negative ratings from Weiss Ratings and Roth Capital, but the merger’s potential to enhance market positioning and unlock value appears to have driven the sharp intraday rally.