Business Context and Reporting Period
This Form 8-K was filed by INFINT Acquisition Corporation (not Currenc Group Inc.) on November 28, 2023. The registrant is a Cayman Islands-based Special Purpose Acquisition Company (SPAC) with securities listed on the New York Stock Exchange (NYSE) under the symbols IFIN.U, IFIN, and IFIN.WS.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on a regulatory listing event.
Material Changes
- Delisting of Warrants: The NYSE notified the Company that it is commencing proceedings to delist its Warrants (symbol: IFIN.WS) due to "abnormally low" trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual.
- Trading Suspension: Trading in the Warrants on the NYSE was suspended immediately upon notification.
- Future Trading Venue: Following delisting, the Warrants are anticipated to trade on the over-the-counter (OTC) market under the same symbol.
- Continued Listing: Trading in the Company's Class A ordinary shares and Units will continue on the NYSE.
Outlook, Risks, and Management Commentary
- Appeal Decision: The Company has the right to appeal the NYSE's determination but explicitly stated it does not intend to appeal.
- Regulatory Process: The NYSE has applied to the SEC to delist the Warrants upon completion of applicable procedures.
- Risk: The primary risk identified is the loss of the NYSE listing for the Warrants, which may impact liquidity and market visibility for that specific security class.
Investor Verification Checklist
- Verify the current trading status and symbol for the Warrants on OTC markets post-delisting.
- Confirm that Class A ordinary shares (IFIN) and Units (IFIN.U) remain actively listed on the NYSE.
- Review the Company's latest financial statements (e.g., 10-K or 10-Q) for actual financial performance, as this 8-K contains no financial data.
- Monitor for any subsequent filings regarding the finalization of the delisting process with the SEC.