Animoca Brands Suspends Currenc Merger That Would Have Taken It Public

The withdrawal is notable less for the deal itself than for the reasoning: a crypto-native firm citing agility over a public listing suggests listed-vehicle discipline was judged a constraint rather than a prize. That framing matters for other Web3 companies weighing reverse mergers into public markets, since Animoca's scale gives the decision signalling weight. What remains open is whether this reflects deal-specific friction or a broader reassessment of public-market exposure, and whether the counterparty pursues the listing without Animoca.