Animoca Brands and Currenc Group Inc. have entered into a non-binding letter of intent for a potential acquisition, according to PANews. The proposed agreement envisions Currenc acquiring 100% of Animoca Brands’ shares via a scheme of arrangement. Under the terms of this transaction, Currenc would offer new shares in exchange for all existing Animoca Brands shares. Should the deal proceed as planned, Animoca Brands would become integrated into a Nasdaq-listed group. Prior to the implementation, Currenc may undergo restructuring. Following completion, Animoca Brands shareholders are projected to hold approximately 95% of Currenc’s outstanding shares, while existing Currenc shareholders would hold about 5%.