secwatch.observer — SEC 8-K summary
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Issuer:     Currenc Group Inc. (CURR)
CIK:        0001862935
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001493152-24-035327
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 1.02, 9.01, 5.02, 3.02, 2.03, 3.03, 5.01, 5.03, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

INFINT closes $400M de-SPAC merger with Seamless; renamed Currenc Group (CURR) on Nasdaq
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- Former Seamless shareholders own ~85.97% of post-merger Co; Sponsor ~9.63%; public ~0.20%.
- ~$54.8M redeemed from trust (4.65M shares at ~$11.79); trust balance ~$1.1M plus $1.75M PIPE used for expenses.
- PIPE: $1.94M convertible note issued; 400K commitment shares & warrants to purchase 136,110 shares at $11.50.
- Promissory notes: $5.7M to EF Hutton, $3.2M to Greenberg Traurig, $0.6M to INFINT Capital (installment terms).
- Lock-up agreements for 6 months on Seamless shareholders; 2.1M sponsor shares waived for Nasdaq float.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1862935/000149315224035327/0001493152-24-035327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1862935/000149315224035327/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-035327

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer