Currenc Group Inc., an exempted company registered in the Cayman Islands, has entered into a Share Purchase Agreement with nine creditors. As part of the transaction, the company issued a total of 28,360,373 ordinary shares at a par value of $0.0001 per share, in satisfaction of $12,166,600 of outstanding unsecured obligations. The shares were issued at a price of $0.43 each, representing a $0.50 discount for each $1.00 of obligations. The closing of this private placement is expected to occur on or about June 30, 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Currenc Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-015899), on June 20, 2025, and is solely responsible for the information contained therein.