INFINT Acquisition Corporation (the “Company”) today announced
that, in connection with its proposed business combination (the
“Business Combination”) with Seamless Group Inc. (“Seamless”), it
intends to voluntarily delist its units and Class A ordinary shares
from the NYSE American LLC (“NYSE American”), subject to the
closing of the Business Combination.
The Company’s decision to voluntarily delist its
units and Class A ordinary shares from the NYSE American is due to
the fact that upon the consummation of the Business Combination,
the Company will change its corporate name to “CURRENC Group Inc.”
(“Currenc”), and Currenc’s ordinary shares are expected to be
traded on the Nasdaq Stock Market LLC (“Nasdaq”), subject to the
closing of the Business Combination.
Trading of Currenc’s ordinary shares is
currently expected to begin on Nasdaq at market open on or about
August 21, 2024 under the symbol “CURR” following the consummation
of the Business Combination. The last day of trading of the
Company’s securities on NYSE American is expected to be on or about
August 20, 2024. The delisting from NYSE American and the listing
on Nasdaq are subject to the closing of the Business Combination
and the fulfillment of all applicable listing requirements of
Nasdaq.
About INFINT Acquisition Corporation
INFINT Acquisition Corporation is a Special
Purpose Acquisition Corporation (SPAC) company on a mission to
bring the most promising financial technology company from North
America, Asia, Latin America, Europe and Israel to the U.S. public
market. As a result of the pandemic, the world is changing rapidly,
and in unique, unexpected ways. Thanks to growth and investment in
the global digital infrastructure, legal, healthcare, automotive,
financial, and other fields are evolving at a faster rate than ever
before. INFINT believes the greatest opportunities in the near
future lie in the global fintech space and are looking forward to
merging with an exceptional international fintech company.
Forward-Looking Statements
This document contains certain forward-looking
statements within the meaning of U.S. federal securities laws with
respect to the proposed transaction between the Company and
Seamless, including statements regarding the benefits of the
transaction, the anticipated benefits of the transaction, the
Company’s or Seamless’ expectations concerning the outlook for
Currenc’s business, productivity, future market conditions or
economic performance and developments in the capital and credit
markets and expected future financial performance, as well as any
information concerning possible or assumed future results of
operations. These forward-looking statements generally are
identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are their managements’ current
predictions, projections and other statements about future events
that are based on current expectations and assumptions available to
the Company and Seamless, and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including but not limited to: (i) the risk that the
proposed transaction may not be completed within the prescribed
time frame, which may adversely affect the price of the Company’s
securities, (ii) the risk that investors of Seamless may not
receive the same benefits as an investor in an underwritten public
offering, (iii) the risk that Currenc’s securities may experience a
material price decline after the proposed transaction, (iv) the
risk of product liability or regulatory lawsuits or proceedings
relating to Seamless’ business; (v) a reduction of trust account
proceeds and the per share redemption amount received by
shareholders as a result of third-party claims, (vi) the risk that
the transaction may not be completed by the Company’s business
combination deadline and an extension period, (vii) the ability of
Currenc to get approval for listing of its ordinary shares and
comply with the continued listing standards of the Nasdaq, (viii)
the failure to satisfy the conditions to the consummation of the
transaction, certain of which may be outside of the Company or
Seamless’ control, (ix) the ability to attract new partners,
merchants and users and retain existing partners, merchants and
users in order to continue to expand, (x) Currenc’ ability to
integrate its services with a variety of operating systems,
networks and devices; (ix) the ability of Currenc to fund its
capital requirements through additional debt and equity financing
under commercially reasonable terms and the risk of shareholding
dilution as a result of additional capital raising, if applicable,
(x) the risk of cyber security or foreign exchange losses, (xi) the
risk that Currenc is unable to secure or protect its intellectual
property; and (xii) failure to maintain an effective system of
internal control over financial reporting and to accurately and
timely report Currenc’s financial condition, results of operations
or cash flows.
The foregoing list of factors is not exhaustive.
Forward-looking statements are not guarantees of future
performance. You should carefully consider the foregoing factors
and the other risks and uncertainties described in the “Risk
Factors” section of the Company’s registration statement on Form
S-4 filed by the Company with the U.S. Securities and Exchange
Commission (the “SEC”), the Company’s Annual Report on Form 10-K
for the year ended December 31, 2023, which was filed with the SEC
on March 27, 2024, and other documents filed by the Company from
time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and all
forward-looking statements in this document are qualified by these
cautionary statements. The Company assumes no obligation and do not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. The Company does not give any assurance that either the
Company or Currenc will achieve its expectations. The inclusion of
any statement in this communication does not constitute an
admission by the Company or Currenc or any other person that the
events or circumstances described in such statement are
material.
Additional Information and Where to Find
It
This document relates to a proposed transaction
between the Company and Seamless. This document does not constitute
an offer to sell or exchange, or the solicitation of an offer to
buy or exchange, any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, sale or
exchange would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of the Securities Act. In connection with the
Business Combination, the Company filed a registration statement on
Form S-4 with the SEC (as may be amended from time to time, the
“Registration Statement”) on May 20, 2021, which included a proxy
statement/prospectus of the Company. The SEC declared the
Registration Statement effective on July 12, 2024.
The Registration Statement, including the proxy
statement/prospectus contained therein, contains important
information about the Business Combination and the other matters
voted upon at the meeting of the Company’s shareholders approving
the Business Combination (and related matters). The Company also
filed other documents regarding the proposed transaction with the
SEC. This document does not contain all the information that should
be considered concerning the proposed transactions and is not
intended to form the basis of any investment decision or any other
decision in respect of the transactions.
Investors and shareholders will be able to
obtain free copies of the registration statement, proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by the Company through the website
maintained by the SEC at www.sec.gov. In addition, the documents
filed by the Company may be obtained free of charge from the
Company’s website at https://www.infintspac.com/ or by written
request to the Company at INFINT Acquisition Corporation, Suite
401, 32 Broadway, New York, NY 10004.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN
HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER
REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED
THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE
INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.
Participants in Solicitation
The Company and its respective directors and
officers may be deemed to be participants in the solicitation of
proxies from the Company’s shareholders in connection with the
proposed transaction. Information about the Company’s directors and
executive officers and their ownership of the Company’s securities
is set forth in the Company’s filings with the SEC, including the
Company’s Annual Report on Form 10-K for the year ended December
31, 2023, which was filed with the SEC on March 27, 2024, and the
Registration Statement. Additional information regarding the
interests of those persons and other persons who may be deemed
participants in the proposed transaction may be obtained by reading
the proxy statement/prospectus regarding the proposed transaction.
Shareholders, potential investors and other interested persons
should read the proxy statement/prospectus carefully before making
any voting or investment decisions. You may obtain free copies of
these documents as described in the preceding paragraph.
No Offer or Solicitation
This document is for informational purposes only
and shall not constitute an offer to sell or the solicitation of an
offer to buy any securities pursuant to the proposed transactions
or otherwise, nor shall there be any sale of securities in any
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended, or an exemption therefrom.
Contact
INFINT Acquisition CorporationAlexander
Edgarovsasha@inifntspac.com
InFinT Acquisition (NYSE:IFIN)
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