Highest-materiality recent filing
Currenc Group receives Nasdaq delisting notice for bid price and market value non-compliance
Received two Nasdaq deficiency notices on June 30, 2025: bid price below $1.00 and market value below $50M for 30 consecutive days.
Currenc settles warrant dispute with Alta, partners with Galaxy for AI HR solutions
Issued 86,489 ordinary shares to Alta Partners in exchange for cancelling 518,934 warrants, resolving all claims.
Currenc Group issues ~28.4M shares at $0.43 to settle $12.2M debt with nine creditors
Issued 28,360,373 ordinary shares at $0.43/share to satisfy $12,166,600 in outstanding unsecured obligations.
Currenc Group appoints Wan Lung Eng as CFO, replacing interim CFO Hui
Ronnie Ka Wah Hui ceased as interim CFO on April 15, 2025.
Currenc Group regains Nasdaq MVPHS compliance, deficiency closed
Received Nasdaq notice on April 9, 2025 confirming MVPHS compliance.
CFO Haggai Ravid resigns effective Dec 31, 2024; CEO Ronnie Hui named interim CFO
CFO Haggai Ravid resigned on Dec 27, 2024, effective Dec 31; no disagreement with Company or board.
Currenc Group Q3 net loss widens to $5M; revenue down 11% YoY, divestitures reshape business
Total revenues $11.3M (-11.0% YoY); net loss $5.0M (+31.6% YoY) for Q3 2024.
Director Kanagaraj Lorenz resigns from Currenc Group board
Kanagaraj Lorenz resigned as director effective close of business November 26, 2024.
Currenc Group dismisses Marcum as auditor, engages MRI Moores Rowland for FY2024
Dismissed Marcum LLP as independent auditor on Oct 21, 2024; no adverse opinions or disagreements during 2022-2023.
Nasdaq notifies Currenc Group of MVPHS deficiency; 180-day cure period
Received MVPHS Deficiency Notice from Nasdaq on October 18, 2024.
INFINT closes $400M de-SPAC merger with Seamless; renamed Currenc Group (CURR) on Nasdaq
Former Seamless shareholders own ~85.97% of post-merger Co; Sponsor ~9.63%; public ~0.20%.
Business combination closed Aug 30, 2024; entity renamed CURRENC Group Inc.
INFINT to voluntarily delist from NYSE, list on Nasdaq as CURRENC Group on Aug 21 pending deal close
Last day of trading on NYSE expected August 20, 2024.
Shareholders voted 8,680,026 For to approve the Business Combination Agreement with Seamless Group Inc.
INFINT Acquisition issues up to $500K promissory note to Seamless Group Inc.
Unsecured promissory note for up to $500,000 issued to Seamless Group Inc. on March 6, 2024.
Infint Acquisition extends deadline to Nov 23, 2024; ~$30M redeemed, $54M remains in trust
Shareholders approved extension of business combination deadline from Feb 23 to Nov 23, 2024.
INFINT Acquisition receives NYSE notice for failing minimum public shareholders rule
On Jan 19, 2024, NYSE notified INFINT that public shareholders <300, violating Section 802.01B.
NYSE delists Infint Acquisition warrants due to abnormally low prices; no appeal
NYSE notified Infint on Nov 28, 2023 of delisting proceedings for its warrants (IFIN.WS) due to 'abnormally low' trading prices under Section 802.01D.
INFINT Acquisition Corp. enters $400K promissory note with sponsor, replacing prior $150K note
Promissory note of up to $400,000, non-interest bearing, payable upon initial business combination.
INFINT Acquisition extends business combination deadline to Feb 23, 2024; $23.8M redeemed
Shareholders approved charter amendment extending completion date from Aug 23, 2023 to Feb 23, 2024.
INFINT to extend business combination deadline to Feb 23, 2024, with monthly trust contributions
Extraordinary general meeting on Aug 18, 2023 to vote on extending deadline from Aug 23, 2023 to Feb 23, 2024.
INFINT Acquisition restates Q1 cash flow; material weakness in controls
Audit committee on August 4, 2023 concluded Q1 2023 unaudited financials should no longer be relied upon due to cash flow misclassification.
INFINT Acquisition Corp. issues $150K promissory note to sponsor for working capital
Up to $150,000 unsecured promissory note issued to sponsor InFinT Capital LLC.
INFINT and Seamless amend business combination agreement, extend outside date to Aug 23, 2023
Amendment No. 3 extends outside date for business combination from Feb 23, 2023 to Aug 23, 2023.
INFINT Acquisition shareholders approve extension to Aug 23, 2023; $109M redeemed
Shareholders approved extending the business combination deadline from Feb 23, 2023 to Aug 23, 2023.
INFINT will extend SPAC deadline to Aug 23, 2023 with monthly trust deposits if shareholders approve
Extraordinary general meeting on Feb 14, 2023 to vote on extending deadline from Feb 23 to Aug 23, 2023.
INFINT cancels meeting; Seamless deposits $3M to extend deal deadline to Feb 2023
Cancelled extraordinary general meeting of shareholders scheduled for November 22, 2022.
INFINT, Seamless to fund trust extension up to $900K to push deadline to March 2023
Seamless will deposit up to $900,000 (or $0.18/share) into trust for extension from Nov 23, 2022 to March 23, 2023.
INFINT Acquisition amends business combination agreement to extend deadline to March 23, 2023
Amendment No. 1 extends the outside date for completing the business combination from Feb 23 to March 23, 2023, if shareholders approve the extension proposal.
INFINT to merge with Seamless Group in $400M all-stock business combination
Consideration of $400M in INFINT shares at $10.00 per share to Seamless shareholders.
Seamless Group valued at $400M in SPAC merger with INFINT Acquisition Corp
Enterprise value at closing of $400 million; combined company to have up to $189M cash assuming no redemptions.
InFinT Acquisition Corp announces separate trading of shares and warrants from Jan 10, 2022
Holders of units may separate into Class A ordinary shares (IFIN) and warrants (IFIN.WS) from Jan 10, 2022.
19,999,880 units sold at $10.00 per unit, generating $199,998,880 gross from IPO.
On April 15, 2025, Ronnie Ka Wah Hui ceased to be employed as the interim Chief Financial Officer of Currenc Group, Inc. (the “Company”).
On April 10, 2025, the Company made an offer of employment to Mr. Wan Lung Eng (“Mr. Eng”) pursuant to which Mr Eng will serve as the Company’s Chief Financial Officer (the “Employment Agreement”).
On December 27, 2024, Haggai Ravid notified Currenc Group Inc., a Cayman Islands exempted company (the “Company”) of his resignation as the Company’s Chief Financial Officer, effective December 31, 2024
The Company’s CEO, Mr. Ronnie Ka Wah Hui, will serve as the Company’s Chief Financial Officer on an interim basis until the Company has found a replacement for Mr. Ravid.
On November 26, 2024, Kanagaraj Lorenz presented to the current members of the board of directors of Currenc Group Inc., a Cayman Islands exempted company (the “ Company ”) a resignation letter resigning from his position as member of the board of directors of the Company, effective at the close of business on November 26, 2024.
Max materiality 0.85 · Median 0.60 · Most common event other_material