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
Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 02 | Asset divestment | Positive | +5.9% | Announced US$400M sale of 60% Tranglo stake to reduce debt. |
| Dec 01 | Earnings update | Negative | +1.5% | Reported revenue declines and net loss for first half 2025. |
| Nov 11 | Strategic merger news | Negative | -5.0% | TGV highlighted proposed merger leaving CURR holders ~5% of combined firm. |
| Nov 10 | Earnings update | Positive | +0.3% | Q3 2025 showed higher TPV, margin expansion and positive EBITDA. |
| Nov 03 | Reverse merger term sheet | Negative | -37.3% | Proposed reverse merger with Animoca leaving CURR holders ~5%. |
Recent news-driven moves mostly aligned with the perceived impact of events, with only one earnings release showing a divergence between weak fundamentals and a positive price reaction.
Over the last few months, Currenc reported several major developments. A proposed reverse merger with Animoca Brands in November 2025 and related updates led to sharp price moves, including a -37.3% reaction on Nov 3. Subsequent Q3 2025 results showed improved margins and EBITDA of US$3.6M. In January 2026, Currenc announced a US$400M divestment of its 60% Tranglo stake, with shares rising 5.87%. Today’s Nasdaq deficiency update fits into an ongoing period of balance-sheet repair and listing-related scrutiny.
Regulatory & Risk Context
An amended Form F-3 shelf filed on Dec 11, 2025 allows Currenc to offer up to US$150,000,000 of ordinary shares, debt securities, warrants, rights and units over time via future prospectus supplements, providing flexibility for capital raising that could affect shareholders depending on structure and usage.
Market Pulse Summary
This announcement formalizes Nasdaq’s deficiency notice for not holding an annual meeting within 12 months of fiscal year end, giving Currenc 45 days to submit a compliance plan and a possible extension to June 29, 2026. In parallel, investors may track the February 25, 2026 EGM, where a large debt-to-equity conversion and new incentive plan are proposed, and consider the existing US$150,000,000 shelf and registered resale shares as key indicators of future balance-sheet and dilution dynamics.
Key Terms
im-5620 regulatory
nasdaq stock market regulatory
AI-generated analysis. 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
What did Currenc (CURR) disclose about the Nasdaq deficiency on January 13, 2026?
When is Currenc's (CURR) annual/extraordinary meeting scheduled to address Nasdaq compliance?
Does the Nasdaq deficiency affect Currenc (CURR) trading immediately?
What deadline does Currenc (CURR) have to submit a plan to Nasdaq to regain compliance?
How long could Nasdaq allow Currenc (CURR) to regain compliance if it accepts the company's plan?
