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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.