v3.25.2
Reverse Recapitalization and Related Transactions (Tables)
 12 Months Ended
Dec. 31, 2024
Reverse Recapitalization And Related Transactions  
Schedule of ordinary shares issued and outstanding

The number of Currenc ordinary shares issued and outstanding immediately following the consummation of the Reverse Recapitalization were as follows:

 

Exchange Consideration Shares   40,000,000 
Public Shares   94,916 
Sponsor Shares   4,483,026 
Other Converted Shares   1,250,058 
Representative Shares   99,999 
Vendor Shares   200,000 
PIPE Commitment Shares   400,000 
Total Shares issued and outstanding   46,527,999 
Schedule other intangible assets

 The net liabilities of INFINT were recognized at their carrying value immediately prior to the Closing with no goodwill or other intangible assets recorded and were as follows:

  

         
Cash overdraft   $ (187 )
Accrued expenses     (5,364,533 )
Accrued expenses - Sponsor (1)     (278,623 )
Deferred underwriter fee payable     (5,699,964 )
Promissory note - Sponsor     (325,000 )
Promissory note - Seamless (2)     (500,291 )
Net liabilities assumed   $ (12,168,598 )

 

  (1) Converted into new promissory note - Sponsor upon the Closing of the Business Combination.
  (2) Eliminates against the corresponding receivable reflected by Seamless.