Transaction Background

On November 2, 2025, Currenc and Animoca Brands entered into a non-binding term sheet pursuant to which Currenc would acquire the entire equity interest of Animoca Brands by way of an Australian scheme of arrangement. Under the terms of the Proposed Transaction, shareholders of Animoca Brands would collectively own approximately 95% of the outstanding shares of the merged entity, with existing Currenc shareholders retaining the remaining 5%. The resulting entity is expected to operate under the Animoca Brands name. Closing is targeted for the third quarter of 2026, with a long stop date of December 31, 2026, which may be extended by an extra 6 months upon mutual agreement.

Exclusivity Extension

The Amendment Deed extends the exclusivity period, during which no party may solicit, initiate, encourage or respond to any proposals for competing transactions, from the original three-month term to June 30, 2026. The extension reflects the continued progress of the parties toward completing the Proposed Transaction, including advancement of due diligence and preparatory work toward definitive documentation. All other terms and conditions of the November 2, 2025 term sheet remain unchanged and in full force and effect.