InFinT Acquisition Corporation - IFIN STOCK NEWS

INFINT Acquisition has announced its intention to voluntarily delist its units and Class A ordinary shares from the New York Stock Exchange (NYSE), contingent upon the completion of its pending business combination with Seamless Group Inc. This decision is driven by the company's plan to change its name to CURRENC Group Inc. and list on the Nasdaq Stock Market under the symbol 'CURR'. The last day of trading on NYSE is expected to be around August 20, 2024, with Nasdaq trading anticipated to commence on August 21, 2024. This transition is subject to the successful closing of the business combination and meeting all Nasdaq listing requirements.

INFINT Acquisition has announced its intention to voluntarily delist its units and Class A ordinary shares from the NYSE American , conditional upon the completion of its pending business combination with Seamless Group Inc. This decision is driven by the company's plan to change its name to CURRENC Group Inc. post-merger, with expectations to trade on the Nasdaq Stock Market under the symbol 'CURR'.

The transition is anticipated to occur around August 21, 2024, with the last day of trading on NYSE American expected to be August 20, 2024. This move is subject to the successful closing of the business combination and meeting all Nasdaq listing requirements.

INFINT Acquisition Corporation received a notification from the NYSE stating that the company is not in compliance with the minimum public shareholders requirement. The company has 45 days to submit a business plan to return to compliance within 18 months. The notice does not immediately impact the company's Class A ordinary shares, and they are expected to continue to be listed and traded on the NYSE during the 18-month period, subject to other listing standards and periodic review by the NYSE.

INFINT Acquisition Corporation (NYSE: IFIN) has cancelled its extraordinary general meeting scheduled for November 22, 2022, and retracted proposals from its November 2, 2022, Definitive Proxy Statement. Notably, Seamless Group Inc. will deposit $2,999,982 into the Company’s trust account on the same date to extend the deadline for a business combination from November 23, 2022, to February 23, 2023. This strategic move indicates INFINT's commitment to securing a merger with a promising fintech entity, reflecting their focus on future growth in the rapidly evolving digital landscape.

Seamless Group Inc. appoints Haggai Ravid as Chief Financial Officer, effective immediately, as it advances its business combination with INFINT Acquisition Corporation (NYSE: IFIN). Ravid brings nearly two decades of financial leadership experience, previously serving as CEO at Cukierman & Company Investment House. His expertise in optimizing financial operations and driving growth is expected to enhance shareholder value. CEO Ronnie Hui emphasizes Ravid's fit within the company culture and his pivotal role in the transition to a publicly traded entity.

INFINT Acquisition Corporation (NYSE: IFIN) has filed a registration statement with the U.S. Securities and Exchange Commission for its proposed business combination with Seamless Group Inc.. This transaction, valued at $400 million, is set for completion in the first quarter of 2023, pending shareholder approval. Seamless, an EBITDA positive company with $59.1 million cash as of June 30, 2022, focuses on digital money transfer services. The registration statement includes crucial information about both entities and their future prospects.

Seamless Group Inc. and INFINT Acquisition Corporation announced a definitive business combination agreement valuing Seamless at $400 million. This transaction aims to create a leading fintech platform, enhancing cross-border digital remittances and cashless payment solutions, particularly in South East Asia. Upon completion, Dr. Ronnie Hui will continue as CEO, with other Seamless leadership involved. The deal, expected to close by Q1 2023, aims to provide Seamless with necessary capital for growth, leveraging its innovative digital ecosystem to serve an estimated 2 billion unbanked consumers globally.