Currenc Group Inc. Announces Board and Officer Changes
Ticker: CURR · Form: 8-K · Filed: Jan 2, 2025 · CIK: 1862935
| Field | Detail |
|---|---|
| Company | Currenc Group Inc. (CURR) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $20,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, corporate-governance, officer-appointment
TL;DR
Currenc Group Inc. (formerly InFinT Acquisition Corp.) shuffled its board and execs on 12/27/24, with new pay details.
AI Summary
Currenc Group Inc. announced on December 27, 2024, changes in its board and executive team. The company appointed new officers and directors, and also disclosed compensatory arrangements for certain officers. This filing follows the company's name change from InFinT Acquisition Corp. on May 18, 2021.
Why It Matters
Changes in a company's board and executive leadership can signal shifts in strategy, operational focus, or financial direction, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive leadership can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- Currenc Group Inc. (company) — Registrant
- InFinT Acquisition Corp. (company) — Former company name
- December 27, 2024 (date) — Date of earliest event reported
- May 18, 2021 (date) — Date of name change
FAQ
What specific roles were filled or changed for the new officers and directors?
The filing indicates the departure of directors and election of new directors, as well as the appointment of certain officers and details on their compensatory arrangements, but does not specify the exact roles in this summary.
Are the compensatory arrangements for the new officers detailed in this filing?
Yes, the filing states that it includes information on 'Compensatory Arrangements of Certain Officers'.
When was Currenc Group Inc. formerly known as?
Currenc Group Inc. was formerly known as InFinT Acquisition Corp.
What is the effective date of the reported changes?
The earliest event reported is dated December 27, 2024.
Where is Currenc Group Inc.'s principal executive office located?
Currenc Group Inc.'s principal executive office is located at 410 North Bridge Road, City Hall, Singapore, 188726.
Filing Stats: 626 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2025-01-02 16:45:13
Key Financial Figures
- $0.0001 — registered Ordinary shares, par value $0.0001 per share CURR The Nasdaq Stock Mar
- $20,000 — iness-related expenses in the amount of $20,000. The Company's CEO, Mr. Ronnie Ka Wah
Filing Documents
- form8-k.htm (8-K) — 40KB
- 0001493152-25-000082.txt ( ) — 261KB
- curr-20241227.xsd (EX-101.SCH) — 3KB
- curr-20241227_def.xml (EX-101.DEF) — 29KB
- curr-20241227_lab.xml (EX-101.LAB) — 35KB
- curr-20241227_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 5KB
02 Departure of Directors or Certain Officers; Appointment
Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers, Compensatory Arrangements of Certain Officers. Change in Company Officers and Directors On December 27, 2024, Haggai Ravid notified Currenc Group Inc., a Cayman Islands exempted company (the "Company") of his resignation as the Company's Chief Financial Officer, effective December 31, 2024, Mr. Ravid's resignation did not result from a disagreement with the Company or the board of directors with respect to accounting. In connection with Mr. Ravid's resignation, the Company and Mr. Ravid entered into a Cooperation Agreement, dated December 27, 2024 (the "Cooperation Agreement"). Pursuant to the terms of the Cooperation Agreement, the Company will (i) provide to Mr. Ravid a lump sum payment representing Mr. Ravid's final salary for the period worked through December 31, 2024 and (ii) grant 22,222 ordinary shares of the Company, par value $0.0001 per share, in lieu of any other payments or vesting of restricted ordinary shares pursuant to Mr. Ravid's Employment Agreement with the Company. Mr. Ravid also agreed to waive reimbursement for outstanding business-related expenses in the amount of $20,000. The Company's CEO, Mr. Ronnie Ka Wah Hui, will serve as the Company's Chief Financial Officer on an interim basis until the Company has found a replacement for Mr. Ravid. The foregoing description of the Cooperation Agreement is only a summary and is qualified in its entirety by reference to the full text of the Cooperation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and are incorporated by reference in this
02
Item 5.02. 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: January 2, 2025 CURRENC GROUP INC. By: /s/ Ronnie Ka Wah Hui Name: Ronnie Ka Wah Hui Title: Chief Executive Officer