Currenc Group Shareholders Approve US$54.6 Million Debt-for-Equity Swap and 2025 Equity Plan

Currenc Group ( (CURR) ) has issued an announcement.

On February 25, 2026, Currenc Group Inc. held an extraordinary general meeting at which shareholders representing nearly 68% of outstanding ordinary shares voted on several key corporate matters. Investors overwhelmingly backed the re‑election of director Eric Weinstein through the 2028 annual meeting and ratified MRI Moores Rowland LLP as independent auditor for the fiscal year ending December 31, 2025.

Shareholders also approved a major debt‑to‑equity conversion, authorizing the issuance of 35,653,995 new shares at US$1.53 each to two creditors in full settlement of about US$54.6 million of outstanding debt, a move that materially deleverages the balance sheet but dilutes existing holders. In addition, the 2025 Equity Incentive Plan, reserving up to 10 million shares with an evergreen refresh feature, was adopted to support long‑term employee and director compensation, underscoring Currenc’s push to align management incentives with shareholder interests amid a restructured capital base.

The most recent analyst rating on (CURR) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Currenc Group stock, see the CURR Stock Forecast page.

Spark’s Take on CURR Stock

According to Spark, TipRanks’ AI Analyst, CURR is a Underperform.

Currenc Group’s overall stock score is heavily impacted by its poor financial performance, which is the most significant factor. The company’s financial instability, as reflected in its income statement, balance sheet, and cash flow, is a major concern. Technical analysis also indicates a bearish trend, and valuation metrics highlight the lack of profitability. These factors combine to result in a low overall stock score.

To see Spark’s full report on CURR stock, click here.

More about Currenc Group

Currenc Group Inc., a Cayman Islands‑incorporated company listed on Nasdaq under the ticker CURR, is headquartered in Singapore. The company operates as a foreign private issuer and relies on equity-based incentives and capital structure adjustments, including significant share issuances, to manage its financing and corporate governance needs in the public markets.

Average Trading Volume: 203,999

Technical Sentiment Signal: Hold

Current Market Cap: $154.8M

See more insights into CURR stock on TipRanks’ Stock Analysis page.