Currenc Group Receives Nasdaq Deficiency Notification Regarding Annual Meeting
Rhea-AI Summary
Currenc Group (Nasdaq: CURR) received a Nasdaq Annual Meeting Deficiency Letter dated January 12, 2026, notifying the company that it has not held an annual meeting of shareholders within 12 months of its fiscal year end and is therefore not in compliance with Nasdaq Listing Rules 5620(a), 5810(c)(2)(G) and IM-5620. The company disclosed the letter on January 13, 2026, and Nasdaq said the notice has no immediate effect on listing or trading. Currenc has 45 calendar days from January 12, 2026 to submit a plan to regain compliance and expects to consult with Nasdaq about whether its scheduled extraordinary general meeting on February 25, 2026 will restore compliance. If Nasdaq accepts the plan, it may grant an exception up to 180 days from fiscal year end, or until June 29, 2026, to regain compliance.
Positive
- Nasdaq letter has no immediate effect on listing or trading
- Company scheduled EGM for Feb 25, 2026 to address compliance
- Company has a clear 45-day window to submit a remediation plan
Negative
- Noncompliance with Nasdaq Listing Rules 5620(a), 5810(c)(2)(G) and IM-5620
- Failure to hold annual meeting within 12 months triggered the deficiency
- Company must seek Nasdaq acceptance or meet by June 29, 2026 if exception granted
Details
News Market Reaction – CURR
In the Jan 21 session, CURR gained 6.00%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Compliance window
- 45 calendar days
- Time from <b>Jan 12, 2026</b> Nasdaq notice to submit compliance plan
- Extension deadline
- June 29, 2026
- Latest date Nasdaq may allow to regain annual-meeting compliance
- Annual meeting deadline rule
- 12 months
- Nasdaq rule requiring annual meeting within 12 months of fiscal year end
- EGM date
- February 25, 2026
- Extraordinary general meeting currently scheduled to address key matters
- Shelf capacity
- US$150,000,000
- Maximum aggregate amount under Form F-3 mixed shelf registration
- Registered resale shares
- 50,070,187 shares
- Ordinary shares covered by 424B3 secondary offering prospectus
- Debt-to-equity swap
- US$54,550,612.30
- Indebtedness proposed to convert into 35,653,995 shares at US$1.53
- Debt reduction target
- From US$126.4M to US$71.8M
- Effect of proposed conversion on total debt per 6-K
Historical Context
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Announced US$400M sale of 60% Tranglo stake to reduce debt.
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Reported revenue declines and net loss for first half 2025.
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TGV highlighted proposed merger leaving CURR holders ~5% of combined firm.
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Q3 2025 showed higher TPV, margin expansion and positive EBITDA.
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Proposed reverse merger with Animoca leaving CURR holders ~5%.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
im-5620 regulatory
nasdaq stock market regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
SINGAPORE, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that on January 12, 2026, the Company received a notification letter (the “Nasdaq Annual Meeting Deficiency Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market ("Nasdaq") stating that because the Company has not yet held an annual meeting of shareholders within twelve (12) months of the Company's fiscal year end, the Company was no longer in compliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G), as well as IM-5620. The Company disclosed the Nasdaq Annual Meeting Deficiency Letter on January 13, 2026. The Nasdaq Annual Meeting Deficiency Letter has no immediate effect on the listing or trading of the Company's securities on the Nasdaq stock market.
The Company has forty-five (45) calendar days from January 12, 2026 to submit a plan to regain compliance. The Company expects to consult with Nasdaq regarding whether holding its annual meeting, currently scheduled for February 25, 2026 (the “EGM”), will restore compliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G), as well as IM-5620, or whether Nasdaq will require any additional action. If Nasdaq does accept the Company's proposed plan and meeting date for the EGM, then Nasdaq may grant an exception of up to 180 calendar days from the fiscal year end, or until June 29, 2026, to regain compliance.
About Currenc Group Inc.
Currenc Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Any pre‑closing financings or the Proposed Merger are subject to conditions and may not occur, and any such financings are not expected to affect the relative ownership percentages described above. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
Investor & Media Contact
Currenc Group Investor Relations
Email: investors@currencgroup.com
SOURCE: Currenc Group Inc.
FAQ
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