Currenc Group's Founder and Executive Chairman Converts $54.6 Million in Loans to Equity
Currenc Group (Nasdaq: CURR) announced a significant $54.6 million Shares-for-Debt Transaction with its Founder and Executive Chairman, Alex Kong, and Regal Planet Limited. The transaction involves issuing 35,653,995 ordinary shares to settle approximately $54.5 million in outstanding related party loans as of July 22, 2025.
The strategic move completely eliminates these debts from Currenc's balance sheet while aligning the Chairman's interests with shareholders. The shares were issued under Securities Act exemption and are subject to resale restrictions. This transaction demonstrates the Executive Chairman's confidence in the fintech company's future growth prospects.
Currenc Group (Nasdaq: CURR) ha annunciato una significativa operazione di conversione debito in azioni da 54,6 milioni di dollari con il suo Fondatore e Presidente Esecutivo, Alex Kong, e Regal Planet Limited. L'operazione prevede l'emissione di 35.653.995 azioni ordinarie per estinguere circa 54,5 milioni di dollari di prestiti tra parti correlate in essere al 22 luglio 2025.
Questa mossa strategica elimina completamente tali debiti dal bilancio di Currenc, allineando al contempo gli interessi del Presidente con quelli degli azionisti. Le azioni sono state emesse in esenzione dal Securities Act e sono soggette a restrizioni di rivendita. L'operazione riflette la fiducia del Presidente Esecutivo nelle prospettive di crescita futura della societ脿 fintech.
Currenc Group (Nasdaq: CURR) anunci贸 una importante transacci贸n de acciones por deuda por 54,6 millones de d贸lares con su Fundador y Presidente Ejecutivo, Alex Kong, y Regal Planet Limited. La transacci贸n implica la emisi贸n de 35.653.995 acciones ordinarias para saldar aproximadamente 54,5 millones de d贸lares en pr茅stamos pendientes entre partes relacionadas al 22 de julio de 2025.
Esta estrategia elimina completamente estas deudas del balance de Currenc, alineando los intereses del Presidente con los de los accionistas. Las acciones se emitieron bajo una exenci贸n de la Ley de Valores y est谩n sujetas a restricciones de reventa. Esta operaci贸n muestra la confianza del Presidente Ejecutivo en las perspectivas de crecimiento futuro de la empresa fintech.
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鞚� 鞝勲灥鞝� 臁办箻電� Currenc鞚� 雽�彀寑臁绊憸鞐愳劀 頃措嫻 攵�毂勲ゼ 鞕勳爠頌� 鞝滉卑頃橂┌, 鞚橃灔鞚� 鞚挫澋鞚� 欤检＜霌り臣 鞚检箻鞁滍偟雼堧嫟. 欤检嫕鞚� 歃濌秾氩� 氅挫牅 頃橃棎 氚滍枆霅橃棃鞙茧┌ 鞛寪毵� 鞝滍暅鞚� 鞝侅毄霅╇媹雼�. 鞚� 瓯半灅電� 頃�韰岉伂 須岇偓鞚� 氙鸽灅 靹膘灔 臧�電レ劚鞐� 雽�頃� 歆戫枆 鞚橃灔鞚� 鞁犽毳� 氤挫棳欷嶋媹雼�.
Currenc Group (Nasdaq : CURR) a annonc茅 une importante transaction d鈥櫭ヽhange d鈥檃ctions contre dette de 54,6 millions de dollars avec son fondateur et pr茅sident ex茅cutif, Alex Kong, ainsi que Regal Planet Limited. La transaction consiste en l鈥櫭﹎ission de 35 653 995 actions ordinaires pour r茅gler environ 54,5 millions de dollars de pr锚ts en cours aupr猫s de parties li茅es au 22 juillet 2025.
Cette d茅marche strat茅gique 茅limine compl猫tement ces dettes du bilan de Currenc tout en alignant les int茅r锚ts du pr茅sident avec ceux des actionnaires. Les actions ont 茅t茅 茅mises sous exemption du Securities Act et sont soumises 脿 des restrictions de revente. Cette transaction t茅moigne de la confiance du pr茅sident ex茅cutif dans les perspectives de croissance future de la soci茅t茅 fintech.
Currenc Group (Nasdaq: CURR) gab eine bedeutende Aktien-f眉r-Schulden-Transaktion im Wert von 54,6 Millionen US-Dollar mit seinem Gr眉nder und Executive Chairman, Alex Kong, sowie Regal Planet Limited bekannt. Die Transaktion umfasst die Ausgabe von 35.653.995 Stammaktien zur Begleichung von rund 54,5 Millionen US-Dollar ausstehenden Darlehen von verbundenen Parteien zum 22. Juli 2025.
Dieser strategische Schritt eliminiert diese Schulden vollst盲ndig aus der Bilanz von Currenc und bringt die Interessen des Chairman mit denen der Aktion盲re in Einklang. Die Aktien wurden unter einer Ausnahme des Securities Act ausgegeben und unterliegen Wiederverkaufsbeschr盲nkungen. Diese Transaktion zeigt das Vertrauen des Executive Chairman in die zuk眉nftigen Wachstumsaussichten des Fintech-Unternehmens.
- Complete elimination of $54.5 million in debt from balance sheet, strengthening capital structure
- Strong vote of confidence from Executive Chairman through $54.6M personal reinvestment
- Enhanced alignment of Chairman's interests with shareholders through equity conversion
- Significant share dilution through issuance of 35.6 million new ordinary shares
- Restricted resale conditions on newly issued shares may impact liquidity
Insights
Kong's $54.6M debt-to-equity conversion removes significant liability, strengthens balance sheet, and signals insider confidence without diluting external shareholders.
This $54.6 million debt-to-equity conversion represents a significant balance sheet restructuring that immediately improves Currenc's financial position. By eliminating related party loans owed to founder Alex Kong and Regal Planet Limited, the company has substantially reduced its debt obligations without requiring any cash outflow.
The transaction's structure is particularly noteworthy. The 35,653,995 ordinary shares issued to settle the debt have been priced at approximately
From a capital structure perspective, this move accomplishes several strategic objectives. First, it improves key financial ratios like debt-to-equity and interest coverage. Second, it enhances Currenc's financial flexibility by reducing future cash outflows that would have been required for debt service. Third, it potentially improves the company's capacity to secure additional funding if needed, as lenders typically view companies with stronger equity positions more favorably.
Most importantly, this transaction represents a powerful vote of confidence from the controlling shareholder. When an insider converts debt to equity rather than demanding repayment, it signals a strong belief in the company's future prospects and willingness to assume greater investment risk. This alignment of interests between management and shareholders often correlates with superior long-term performance.
Strengthening Capital Structure and Signaling Confidence in Growth
SINGAPORE, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) (鈥淐urrenc鈥� or the 鈥淐ompany鈥�), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced the completion of a
Under the terms of a Shares-for-Debt Agreement, the Company issued an aggregate of 35,653,995 ordinary shares to Mr. Kong and Regal Planet to settle the full outstanding related party loans totaling approximately
鈥淭his transaction achieves two critical goals: it significantly strengthens our capital structure, and just as importantly, underscores my profound confidence in Currenc鈥檚 long-term growth prospects,鈥� said Mr. Kong. 鈥淏y personally reinvesting over
The issuance of shares was made in reliance on an exemption from registration under the Securities Act of 1933, as amended, and the shares issued are subject to applicable restrictions on resale.
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鈥檚 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 鈥渟afe harbor鈥� provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company鈥檚 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. In some cases, forward-looking statements can be identified by words or phrases such as 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渢arget,鈥� 鈥渁im,鈥� 鈥渆stimate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渂elieve,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� 鈥渋s/are likely to鈥� or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company鈥檚 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: [email protected]
SOURCE: Currenc Group Inc.
FAQ
What is the value of Currenc Group's (CURR) debt-to-equity conversion announced in August 2025?
Who initiated the debt conversion in Currenc Group (CURR)?
How does the debt conversion affect Currenc Group's (CURR) balance sheet?
What restrictions apply to the new shares issued by Currenc Group (CURR)?
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