Currenc Group Inc. received a Nasdaq deficiency letter for not holding an annual meeting, affecting compliance but not trading.
Quiver AI Summary
Currenc Group Inc., a fintech company listed on Nasdaq, announced that it received a deficiency letter from Nasdaq on January 12, 2026, due to not holding its annual shareholder meeting within the required twelve months after its fiscal year end. This notification does not immediately affect the trading of Currenc's securities, but the company has 45 days to submit a plan for regaining compliance. Currenc intends to consult with Nasdaq regarding their upcoming annual meeting scheduled for February 25, 2026, to determine if this will satisfy the compliance requirements. If accepted, Nasdaq could grant an extension of up to 180 days to meet the necessary regulations.
Potential Positives
- The Nasdaq Annual Meeting Deficiency Letter has no immediate effect on the listing or trading of the Company's securities on the Nasdaq stock market.
- The Company has a clear timeline of forty-five days to submit a plan to regain compliance, allowing for strategic response options.
- The scheduled annual meeting (EGM) on February 25, 2026, may potentially restore compliance with Nasdaq Listing Rules, indicating proactive management of the situation.
Potential Negatives
- The Company is currently not in compliance with Nasdaq Listing Rules due to the failure to hold an annual meeting within the required timeframe, raising concerns over governance practices.
- Failure to regain compliance within the specified timeframe could lead to further actions from Nasdaq, which may include delisting from the exchange.
- The situation may negatively impact investor confidence and perception of the Company's management effectiveness.
FAQ
What is the Nasdaq Annual Meeting Deficiency Letter?
The Nasdaq Annual Meeting Deficiency Letter notifies Currenc Group of non-compliance with certain Nasdaq Listing Rules regarding shareholder meetings.
How will Currenc regain compliance with Nasdaq rules?
Currenc has 45 days to submit a plan to Nasdaq to regain compliance, potentially involving their upcoming annual meeting scheduled for February 25, 2026.
Is Currenc's stock trading affected by this deficiency letter?
No, the deficiency letter has no immediate effect on Currenc's security listing or trading on the Nasdaq stock market.
What solutions does Currenc Group provide?
Currenc Group offers AI solutions to financial institutions, including customer service AI and a digital remittance platform for global payments.
What is the deadline for Currenc to respond to the Nasdaq?
The deadline for Currenc to submit their plan for compliance is 45 calendar days from January 12, 2026, making it June 29, 2026.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CURR Hedge Fund Activity
We have seen 7 institutional investors add shares of $CURR stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ANTARA CAPITAL LP removed 615,300 shares (-70.0%) from their portfolio in Q3 2025, for an estimated $1,033,704
- MORGAN STANLEY added 316,192 shares (+inf%) to their portfolio in Q3 2025, for an estimated $531,202
- UBS GROUP AG added 37,810 shares (+451.6%) to their portfolio in Q3 2025, for an estimated $63,520
- XTX TOPCO LTD added 25,283 shares (+inf%) to their portfolio in Q3 2025, for an estimated $42,475
- GEODE CAPITAL MANAGEMENT, LLC added 21,406 shares (+117.9%) to their portfolio in Q3 2025, for an estimated $35,962
- TWO SIGMA SECURITIES, LLC removed 19,060 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $32,020
- CITADEL ADVISORS LLC added 12,119 shares (+inf%) to their portfolio in Q3 2025, for an estimated $20,359
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SINGAPORE, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that on January 12, 2026, the Company received a notification letter (the “Nasdaq Annual Meeting Deficiency Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market ("Nasdaq") stating that because the Company has not yet held an annual meeting of shareholders within twelve (12) months of the Company's fiscal year end, the Company was no longer in compliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G), as well as IM-5620. The Company disclosed the Nasdaq Annual Meeting Deficiency Letter on January 13, 2026. The Nasdaq Annual Meeting Deficiency Letter has no immediate effect on the listing or trading of the Company's securities on the Nasdaq stock market.
The Company has forty-five (45) calendar days from January 12, 2026 to submit a plan to regain compliance. The Company expects to consult with Nasdaq regarding whether holding its annual meeting, currently scheduled for February 25, 2026 (the “EGM”), will restore compliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G), as well as IM-5620, or whether Nasdaq will require any additional action. If Nasdaq does accept the Company's proposed plan and meeting date for the EGM, then Nasdaq may grant an exception of up to 180 calendar days from the fiscal year end, or until June 29, 2026, to regain compliance.
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’s 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 “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s 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. Any pre‑closing financings or the Proposed Merger are subject to conditions and may not occur, and any such financings are not expected to affect the relative ownership percentages described above. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s 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.