07/21/2025 | Press release | Distributed by Public on 07/21/2025 06:31
Promissory Note
As previously disclosed, on August 30, 2024, Currenc Group, Inc., an exempted company incorporated and registered in the Cayman Islands (the "Company" or "Currenc"), entered into that certain promissory note, dated as of August 30, 2022, by and between Greenberg Traurig, LLP (the "Lender") and the Company (the "Original GT Promissory Note"). The Original GT Promissory Note had an aggregate principal amount of $3,200,000 and had a maturity date of July 30, 2025.
On July 18, 2025, the Lender and the Company amended and restated the Original GT Promissory Note (the "A&R GT Promissory Note"). Under the A&R GT Promissory Note, the Lender reduced the aggregate principal amount outstanding under the Original GT Promissory. As a result, the A&R GT Promissory Note reflects a reduced aggregate principal amount of $1,600,000 with a maturity date of November 28, 2025.
The Company may repay the A&R GT Promissory Note, in whole or in part, at any time prior to November 28, 2025. The A&R GT Promissory Note will be repaid according to the following schedule:
● | $150,000 concurrently with the execution of the A&R GT Promissory Note; | |
● | $300,000 by August 29, 2025; | |
● | $500,000 by September 30, 2025; and | |
● | $650,000 by November 28, 2025 |
The foregoing summary of the A&R GT Promissory Note is qualified in its entirety by reference to the A&R GT Promissory Note attached hereto as Exhibit 10.1 and is incorporated herein by reference.
INDEX TO EXHIBITS
Exhibit No. | Description | |
10.1 | Amended and Restated Promissory Note, dated as of July 18, 2025, by and between Currenc Group, Inc. and Greenberg Traurig, LLP |
3 |