~ CURRENC Shares to Trade on Nasdaq Under Ticker CURR ~
New York, NY, August 30, 2024 (GLOBE NEWSWIRE) — Seamless Group Inc., a leading global fintech platform (Seamless), and INFINT Acquisition Corporation (INFINT) (NYSE: IFIN), a special purpose acquisition company, today announced the completion of a previously announced business combination (Business Combination). As of Tuesday, September 3, 2024, the combined company will become CURRENC Group Inc. (CURRENC), and its common stock will trade on The Nasdaq Stock Market LLC under the ticker symbol CURR.
Ronnie Ka Wah Hui, Seamless’s Chief Executive Officer, Alexander King Ong Kong, Seamless’s founder and Executive Chairman of the Board, and Hagay Ravid, Seamless’s Chief Financial Officer, will continue to lead CURRENC in their respective positions.
Ronnie Ka Wah Hui, Chief Executive Officer of CURRENC, commented, I am proud and honored by Seamless’ achievement of this important milestone as we begin our journey as a publicly traded company. Listing on the Nasdaq Stock Market LLC enables CURRENC to aggressively build its image, develop new markets and expand our network to become one of the leading remittance centers worldwide. We are grateful for the continuous collaboration, support, and confidence of the INFINT team throughout the transaction process.
Alexander Edgarov, Chief Executive Officer of INFINT, added, The INFINT Team is very happy to have successfully completed this business combination with Seamless. We look forward to seeing Alex, Ronnie and the team at CURRENC Group successfully execute their long-term operational and strategic goals, building value for our shareholders and stakeholders while continuing to develop our global fintech banking platform.
About Seamless Group Inc.
Seamless Group Inc. pioneered a global fintech banking platform for e-wallets, financial institutions and merchants worldwide, delivering real-time and cost-efficient fund transfers. A sophisticated digital ecosystem seamlessly empowers millions of smart consumers and businesses to win in more than 150 countries.
About INFINT Acquisition Corporation
INFINT Acquisition Corporation is a Special Purpose Acquisition Corporation (SPAC) with a mission to bring the most promising financial technology companies from North America, Asia, Latin America, Europe and Israel to the US public market. As a result of the pandemic, the world is changing rapidly, and in unique and unexpected ways. Thanks to growth and investment in global digital infrastructure, law, healthcare, automotive, finance, and other fields are developing faster than ever. INFINT believes the biggest opportunities of the future are in the global fintech space and looks forward to joining outstanding international fintech companies.
Advisor
Greenberg Traurig, LLP served as U.S. legal counsel and Mourant served as Cayman Islands legal counsel to INFINT in the transaction. Nelson Mullins Riley & Scarborough LLP served as U.S. legal counsel and Maples Group served as Cayman Islands legal counsel to Seamless on the transaction.
Forward-Looking Statement
The information in this press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding Business Combinations and CURRENC after Business Combinations. These forward-looking statements are commonly identified by the words believe, project, expect, anticipate, estimate, intend, strategy, aim, future, opportunity, plan, could, should, will, will, will continue, will result. and the same expression, but the absence of these words does not mean that the statement is not advanced. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from our expectations, estimates and projections and therefore, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that Seamless investors may not receive the same benefits as investors in the public offering; which is guaranteed. , (ii) the risk that CURRENC’s securities may experience a material price decline following the Business Combination, (iii) the risk of product liability or lawsuits or proceedings related to the business of Seamless or CURRENC, (iv) CURRENC’s ability to comply with Nasdaq’s continued listing standards , (v) ability to attract new partners, merchants and users and retain existing partners, merchants and users in order to continue to grow, (vi) CURRENC’s ability to finance capital requirements through additional debt and equity financing on reasonable terms commercial and shareholding dilution risks as a result of raising additional capital, if any, (vii) cyber security risks or foreign exchange losses, (viii) risks that CURRENC is unable to secure or protect its intellectual property, (ix) failure to maintain control systems effective internal financial reporting and accurately and timely reporting of CURRENC’s financial condition, operating results or cash flows, and (x) factors discussed in INFINT’s filing with the SEC. and those contained in the proxy statement relating to the Business Combination. You should carefully consider the above factors and other risks and uncertainties that will be described in the Risk Factors section of the proxy statement and other documents that CURRENC will file from time to time with the SEC. The filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and while Seamless and INFINT may choose to update these forward-looking statements at some point in the future, they assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Neither Seamless nor INFINT makes any assurances that Seamless and INFINT will achieve their expectations.
Investor Contact
Takis Wong
+852-3951-6228
investors@seamlessgroup.com
Source: Currenc Group Inc.
