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[6-K] InFinT Acquisition Corporation Current Report (Foreign Issuer)

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On June 30, 2025, Gevo Intermediate HoldCo, LLC, a subsidiary of Gevo, Inc. (Nasdaq: GEVO), executed a Tax Credit Transfer Agreement with an unnamed bank. The subsidiary committed to deliver up to $22 million of “Clean Fuel Production Credits” generated by Net-Zero Richardton, LLC from ethanol produced between January 31 and December 31, 2025. An initial $5 million tranche of credits was transferred at signing; the remaining credits are scheduled for delivery through December 10, 2025, subject to standard closing conditions.

The bank obtained two additional rights: (i) a right of first offer for up to $20 million of extra 2025 credits and (ii) a right of first refusal on all 2026 credits at identical pricing and terms. The agreement is open-ended but allows either party to terminate for uncured defaults or retroactive tax-law changes that limit or disallow the credits. If terminated, Gevo must refund all payments tied to unusable credits, plus interest. The contract includes customary representations, warranties, confidentiality and indemnification clauses, and is filed as Exhibit 10.1 to this Form 8-K.

Il 30 giugno 2025, Gevo Intermediate HoldCo, LLC, una controllata di Gevo, Inc. (Nasdaq: GEVO), ha stipulato un Accordo di Trasferimento di Crediti d'Imposta con una banca non specificata. La controllata si è impegnata a fornire fino a 22 milioni di dollari di “Crediti per la Produzione di Carburante Pulito” generati da Net-Zero Richardton, LLC per l'etanolo prodotto tra il 31 gennaio e il 31 dicembre 2025. Un primo tranche di crediti da 5 milioni di dollari è stato trasferito alla firma; i crediti rimanenti saranno consegnati entro il 10 dicembre 2025, subordinati alle consuete condizioni di chiusura.

La banca ha ottenuto due ulteriori diritti: (i) un diritto di prelazione per un massimo di 20 milioni di dollari di crediti aggiuntivi per il 2025 e (ii) un diritto di opzione preferenziale su tutti i crediti del 2026 alle stesse condizioni di prezzo e termini. L’accordo è a tempo indeterminato ma consente a entrambe le parti di recedere in caso di inadempienze non sanate o modifiche retroattive alla normativa fiscale che limitino o vietino i crediti. In caso di recesso, Gevo dovrà rimborsare tutti i pagamenti relativi ai crediti inutilizzabili, più gli interessi. Il contratto include le consuete dichiarazioni, garanzie, clausole di riservatezza e indennizzo ed è allegato come Exhibit 10.1 a questo Modulo 8-K.

El 30 de junio de 2025, Gevo Intermediate HoldCo, LLC, una subsidiaria de Gevo, Inc. (Nasdaq: GEVO), firmó un Acuerdo de Transferencia de Créditos Fiscales con un banco no identificado. La subsidiaria se comprometió a entregar hasta 22 millones de dólares en “Créditos por Producción de Combustible Limpio” generados por Net-Zero Richardton, LLC por el etanol producido entre el 31 de enero y el 31 de diciembre de 2025. Un primer tramo de créditos por 5 millones de dólares fue transferido en la firma; los créditos restantes se entregarán hasta el 10 de diciembre de 2025, sujetos a las condiciones estándar de cierre.

El banco obtuvo dos derechos adicionales: (i) un derecho de primera oferta para hasta 20 millones de dólares en créditos adicionales de 2025 y (ii) un derecho de tanteo sobre todos los créditos de 2026 bajo los mismos precios y condiciones. El acuerdo es indefinido pero permite a cualquiera de las partes rescindirlo por incumplimientos no subsanados o cambios retroactivos en la legislación fiscal que limiten o prohíban los créditos. En caso de rescisión, Gevo deberá reembolsar todos los pagos relacionados con créditos no utilizables, más intereses. El contrato incluye las representaciones, garantías, cláusulas de confidencialidad e indemnización habituales, y está presentado como el Anexo 10.1 en este Formulario 8-K.

2025년 6월 30일, Gevo Intermediate HoldCo, LLC는 Gevo, Inc. (Nasdaq: GEVO)의 자회사로서 이름이 공개되지 않은 은행과 세액공제 양도 계약을 체결했습니다. 자회사는 2025년 1월 31일부터 12월 31일까지 Net-Zero Richardton, LLC가 생산한 에탄올로부터 발생하는 최대 2,200만 달러 상당의 “청정 연료 생산 크레딧”을 제공하기로 약속했습니다. 계약 체결 시 초기 500만 달러 상당의 크레딧이 이전되었으며, 나머지 크레딧은 2025년 12월 10일까지 표준 마감 조건에 따라 제공될 예정입니다.

은행은 두 가지 추가 권리를 확보했습니다: (i) 2025년 추가 크레딧 최대 2,000만 달러에 대한 최초 제안권과 (ii) 동일한 가격 및 조건으로 2026년 크레딧 전체에 대한 우선 매수권입니다. 이 계약은 기간 제한이 없으나, 양 당사자는 미해결 위반 사항이나 크레딧을 제한하거나 금지하는 소급 세법 변경 시 계약을 해지할 수 있습니다. 해지 시 Gevo는 사용 불가능한 크레딧과 관련된 모든 지불금에 대해 이자를 포함해 환불해야 합니다. 계약서에는 일반적인 진술, 보증, 비밀 유지 및 면책 조항이 포함되어 있으며, 본 8-K 양식의 Exhibit 10.1로 제출되었습니다.

Le 30 juin 2025, Gevo Intermediate HoldCo, LLC, une filiale de Gevo, Inc. (Nasdaq : GEVO), a signé un Contrat de Transfert de Crédit d’Impôt avec une banque non nommée. La filiale s’est engagée à livrer jusqu’à 22 millions de dollars de « crédits pour la production de carburant propre » générés par Net-Zero Richardton, LLC à partir de l’éthanol produit entre le 31 janvier et le 31 décembre 2025. Une première tranche de crédits de 5 millions de dollars a été transférée à la signature ; les crédits restants doivent être livrés d’ici le 10 décembre 2025, sous réserve des conditions habituelles de clôture.

La banque a obtenu deux droits supplémentaires : (i) un droit de première offre pour jusqu’à 20 millions de dollars de crédits supplémentaires pour 2025 et (ii) un droit de préemption sur tous les crédits de 2026 aux mêmes prix et conditions. L’accord est à durée indéterminée mais permet à chaque partie de résilier en cas de manquements non corrigés ou de modifications rétroactives de la législation fiscale limitant ou interdisant les crédits. En cas de résiliation, Gevo doit rembourser tous les paiements liés aux crédits inutilisables, plus les intérêts. Le contrat comprend les déclarations, garanties, clauses de confidentialité et d’indemnisation habituelles, et est déposé en tant qu’Exhibit 10.1 dans ce formulaire 8-K.

Am 30. Juni 2025 hat Gevo Intermediate HoldCo, LLC, eine Tochtergesellschaft von Gevo, Inc. (Nasdaq: GEVO), eine Vereinbarung über die Übertragung von Steuergutschriften mit einer nicht genannten Bank abgeschlossen. Die Tochtergesellschaft verpflichtete sich, bis zu 22 Millionen US-Dollar an „Clean Fuel Production Credits“ zu liefern, die von Net-Zero Richardton, LLC für zwischen dem 31. Januar und 31. Dezember 2025 produzierten Ethanol generiert wurden. Eine erste Tranche von 5 Millionen US-Dollar an Gutschriften wurde bei Vertragsunterzeichnung übertragen; die restlichen Gutschriften sollen bis zum 10. Dezember 2025 geliefert werden, vorbehaltlich der üblichen Abschlussbedingungen.

Die Bank erhielt zwei weitere Rechte: (i) ein Vorkaufsrecht für bis zu 20 Millionen US-Dollar zusätzliche Gutschriften für 2025 und (ii) ein Vorkaufsrecht auf alle Gutschriften für 2026 zu identischen Preisen und Bedingungen. Die Vereinbarung ist unbefristet, erlaubt jedoch beiden Parteien die Kündigung bei nicht behobenen Vertragsverletzungen oder rückwirkenden steuerrechtlichen Änderungen, die die Gutschriften einschränken oder untersagen. Im Falle einer Kündigung muss Gevo alle Zahlungen für nicht nutzbare Gutschriften zuzüglich Zinsen zurückerstatten. Der Vertrag enthält die üblichen Zusicherungen, Gewährleistungen, Vertraulichkeits- und Entschädigungsklauseln und ist als Anlage 10.1 zu diesem Formular 8-K eingereicht.

Positive
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Negative
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Insights

TL;DR – Gevo monetises $22 m in 2025 clean-fuel credits, validating project economics and adding immediate cash.

The transfer establishes a concrete market price for Net-Zero Richardton’s Clean Fuel Production Credits and delivers $5 million upfront liquidity, a meaningful injection for a pre-revenue biofuels developer. Securing a bank counterparty underscores confidence in the credits’ eligibility under existing IRS guidance. The additional $20 million ROFO and 2026 ROFR create a clear pipeline for further sales, potentially smoothing future financing needs. Operational execution risk remains—credits are only generated if ethanol is produced and certified—but, overall, the agreement is a favourable step toward commercialising Gevo’s net-zero project.

TL;DR – Non-dilutive cash is positive, yet refund obligations tie liquidity to tax-law and production risk.

From a treasury perspective, the deal offers near-term funding without issuing equity or debt, preserving shareholder value. However, the repayment clauses could claw back all proceeds if legislation shifts or production falters, introducing contingent liabilities. While the $22 million headline is sizeable for Gevo’s scale, its materiality hinges on successful ethanol output by year-end. The structure is therefore credit-positive but not transformative; investors should monitor production milestones and regulatory developments closely.

Il 30 giugno 2025, Gevo Intermediate HoldCo, LLC, una controllata di Gevo, Inc. (Nasdaq: GEVO), ha stipulato un Accordo di Trasferimento di Crediti d'Imposta con una banca non specificata. La controllata si è impegnata a fornire fino a 22 milioni di dollari di “Crediti per la Produzione di Carburante Pulito” generati da Net-Zero Richardton, LLC per l'etanolo prodotto tra il 31 gennaio e il 31 dicembre 2025. Un primo tranche di crediti da 5 milioni di dollari è stato trasferito alla firma; i crediti rimanenti saranno consegnati entro il 10 dicembre 2025, subordinati alle consuete condizioni di chiusura.

La banca ha ottenuto due ulteriori diritti: (i) un diritto di prelazione per un massimo di 20 milioni di dollari di crediti aggiuntivi per il 2025 e (ii) un diritto di opzione preferenziale su tutti i crediti del 2026 alle stesse condizioni di prezzo e termini. L’accordo è a tempo indeterminato ma consente a entrambe le parti di recedere in caso di inadempienze non sanate o modifiche retroattive alla normativa fiscale che limitino o vietino i crediti. In caso di recesso, Gevo dovrà rimborsare tutti i pagamenti relativi ai crediti inutilizzabili, più gli interessi. Il contratto include le consuete dichiarazioni, garanzie, clausole di riservatezza e indennizzo ed è allegato come Exhibit 10.1 a questo Modulo 8-K.

El 30 de junio de 2025, Gevo Intermediate HoldCo, LLC, una subsidiaria de Gevo, Inc. (Nasdaq: GEVO), firmó un Acuerdo de Transferencia de Créditos Fiscales con un banco no identificado. La subsidiaria se comprometió a entregar hasta 22 millones de dólares en “Créditos por Producción de Combustible Limpio” generados por Net-Zero Richardton, LLC por el etanol producido entre el 31 de enero y el 31 de diciembre de 2025. Un primer tramo de créditos por 5 millones de dólares fue transferido en la firma; los créditos restantes se entregarán hasta el 10 de diciembre de 2025, sujetos a las condiciones estándar de cierre.

El banco obtuvo dos derechos adicionales: (i) un derecho de primera oferta para hasta 20 millones de dólares en créditos adicionales de 2025 y (ii) un derecho de tanteo sobre todos los créditos de 2026 bajo los mismos precios y condiciones. El acuerdo es indefinido pero permite a cualquiera de las partes rescindirlo por incumplimientos no subsanados o cambios retroactivos en la legislación fiscal que limiten o prohíban los créditos. En caso de rescisión, Gevo deberá reembolsar todos los pagos relacionados con créditos no utilizables, más intereses. El contrato incluye las representaciones, garantías, cláusulas de confidencialidad e indemnización habituales, y está presentado como el Anexo 10.1 en este Formulario 8-K.

2025년 6월 30일, Gevo Intermediate HoldCo, LLC는 Gevo, Inc. (Nasdaq: GEVO)의 자회사로서 이름이 공개되지 않은 은행과 세액공제 양도 계약을 체결했습니다. 자회사는 2025년 1월 31일부터 12월 31일까지 Net-Zero Richardton, LLC가 생산한 에탄올로부터 발생하는 최대 2,200만 달러 상당의 “청정 연료 생산 크레딧”을 제공하기로 약속했습니다. 계약 체결 시 초기 500만 달러 상당의 크레딧이 이전되었으며, 나머지 크레딧은 2025년 12월 10일까지 표준 마감 조건에 따라 제공될 예정입니다.

은행은 두 가지 추가 권리를 확보했습니다: (i) 2025년 추가 크레딧 최대 2,000만 달러에 대한 최초 제안권과 (ii) 동일한 가격 및 조건으로 2026년 크레딧 전체에 대한 우선 매수권입니다. 이 계약은 기간 제한이 없으나, 양 당사자는 미해결 위반 사항이나 크레딧을 제한하거나 금지하는 소급 세법 변경 시 계약을 해지할 수 있습니다. 해지 시 Gevo는 사용 불가능한 크레딧과 관련된 모든 지불금에 대해 이자를 포함해 환불해야 합니다. 계약서에는 일반적인 진술, 보증, 비밀 유지 및 면책 조항이 포함되어 있으며, 본 8-K 양식의 Exhibit 10.1로 제출되었습니다.

Le 30 juin 2025, Gevo Intermediate HoldCo, LLC, une filiale de Gevo, Inc. (Nasdaq : GEVO), a signé un Contrat de Transfert de Crédit d’Impôt avec une banque non nommée. La filiale s’est engagée à livrer jusqu’à 22 millions de dollars de « crédits pour la production de carburant propre » générés par Net-Zero Richardton, LLC à partir de l’éthanol produit entre le 31 janvier et le 31 décembre 2025. Une première tranche de crédits de 5 millions de dollars a été transférée à la signature ; les crédits restants doivent être livrés d’ici le 10 décembre 2025, sous réserve des conditions habituelles de clôture.

La banque a obtenu deux droits supplémentaires : (i) un droit de première offre pour jusqu’à 20 millions de dollars de crédits supplémentaires pour 2025 et (ii) un droit de préemption sur tous les crédits de 2026 aux mêmes prix et conditions. L’accord est à durée indéterminée mais permet à chaque partie de résilier en cas de manquements non corrigés ou de modifications rétroactives de la législation fiscale limitant ou interdisant les crédits. En cas de résiliation, Gevo doit rembourser tous les paiements liés aux crédits inutilisables, plus les intérêts. Le contrat comprend les déclarations, garanties, clauses de confidentialité et d’indemnisation habituelles, et est déposé en tant qu’Exhibit 10.1 dans ce formulaire 8-K.

Am 30. Juni 2025 hat Gevo Intermediate HoldCo, LLC, eine Tochtergesellschaft von Gevo, Inc. (Nasdaq: GEVO), eine Vereinbarung über die Übertragung von Steuergutschriften mit einer nicht genannten Bank abgeschlossen. Die Tochtergesellschaft verpflichtete sich, bis zu 22 Millionen US-Dollar an „Clean Fuel Production Credits“ zu liefern, die von Net-Zero Richardton, LLC für zwischen dem 31. Januar und 31. Dezember 2025 produzierten Ethanol generiert wurden. Eine erste Tranche von 5 Millionen US-Dollar an Gutschriften wurde bei Vertragsunterzeichnung übertragen; die restlichen Gutschriften sollen bis zum 10. Dezember 2025 geliefert werden, vorbehaltlich der üblichen Abschlussbedingungen.

Die Bank erhielt zwei weitere Rechte: (i) ein Vorkaufsrecht für bis zu 20 Millionen US-Dollar zusätzliche Gutschriften für 2025 und (ii) ein Vorkaufsrecht auf alle Gutschriften für 2026 zu identischen Preisen und Bedingungen. Die Vereinbarung ist unbefristet, erlaubt jedoch beiden Parteien die Kündigung bei nicht behobenen Vertragsverletzungen oder rückwirkenden steuerrechtlichen Änderungen, die die Gutschriften einschränken oder untersagen. Im Falle einer Kündigung muss Gevo alle Zahlungen für nicht nutzbare Gutschriften zuzüglich Zinsen zurückerstatten. Der Vertrag enthält die üblichen Zusicherungen, Gewährleistungen, Vertraulichkeits- und Entschädigungsklauseln und ist als Anlage 10.1 zu diesem Formular 8-K eingereicht.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File No. 001-41079

 

Currenc Group Inc.

(Translation of registrant’s name into English)

 

410 North Bridge Road,

Spaces City Hall,

Singapore

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

 

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ☐

 

 

 

 

 

 

Entry into a Material Definitive Agreement

 

As previously disclosed, on February 25, 2025, Currenc Group, Inc., an exempted company incorporated and registered in the Cayman Islands (the “Company” or “Currenc”), received a notice of motion for summary judgment in lieu of complaint from D. Boral Capital LLC (“D. Boral”), formerly known as EF Hutton LLC, a promissory note holder of the Company, which was commenced in the Supreme Court of the State of New York, County of New York (Index No. 152296/2025) (the “D. Boral Action”). In the D. Boral Action, D. Boral demanded that the Company repay the promissory note amount of $5,700,000 (the “Demanded Amount”), plus interest, as well as D. Boral’s costs and expenses, including attorneys’ fees.

 

On June 30, 2025, Currenc entered into a Settlement Agreement (the “Settlement Agreement”) with D. Boral in connection with the settlement of the D. Boral Action. Pursuant to the Settlement Agreement, the Company agreed to pay D. Boral a total of $5,500,000 (the “Settlement Amount”) in full and complete resolution, release and settlement of all claims asserted or that could have been asserted in the D. Boral Action or any other litigation between the parties. The Settlement Amount is to be paid in installments as follows:

 

● $200,000 by July 7, 2025

 

● $300,000 by July 31, 2025

 

● $500,000 by August 31, 2025

 

● $3,000,000 by September 30, 2025

 

● $1,500,000 by November 30, 2025

 

In the event the Company fails to make any payment as described above when due and does not cure such default within ten (10) days of written notice from D. Boral, D. Boral may enter judgment against the Company for the Demanded Amount, less any payments made, plus interest, attorneys’ fees, costs, and disbursements.

 

Upon receipt of the Settlement Amount, both parties will provide mutual releases of all claims, known or unknown, arising from any matter occurring prior to the effective date of the Settlement Agreement, except for certain indemnification obligations under a prior underwriting agreement, which remain in effect. The parties have also agreed to execute a stipulation of discontinuance with prejudice, which will be filed with the court upon receipt of the Settlement Amount by D. Boral, thereby dismissing the D. Boral Action.

 

In connection with the Settlement Agreement, D. Boral has withdrawn its motion for summary judgment against the Company.

 

The foregoing description of the Settlement Agreement does not purport to be complete, and is qualified in its entirety by reference to the full text of the Settlement Agreement, a copy of which is filed as Exhibit 10.1 and hereby is incorporated herein by reference.

 

Other Material Events

 

The Company has determined that it qualifies as a “foreign private issuer” as defined under Rule 3b-4 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Accordingly, by furnishing this current report on Form 6-K, the Company has begun reporting under the Exchange Act as a foreign private issuer. The Company will file its future annual reports on Form 20-F and furnish its future current reports on Form 6-K.

 

Exhibit No.   Description
10.1   Settlement Agreement, dated June 30, 2025, by and between Currenc Group, Inc. and D. Boral Capital LLC.
104   Cover Page Interactive Data File (embedded with the Inline XBRL document).

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 7, 2025

 

  CURRENC GROUP INC.
     
  By: /s/ Ronnie Ka Wah Hui
  Name: Ronnie Ka Wah Hui
  Title: Chief Executive Officer

 

3

 

InFinT Acquisition Corporation

NYSE:IFIN

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