Currenc Group enters US$ 1.5 million secured convertible bridge loan with Apex Innovation Global

Bitget2026/09/24 21:15

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Currenc Group entered a secured convertible bridge loan for up to USD 1.5 million with Apex Innovation Global, dated Sept. 20, 2026.
Single advance due 20 business days after conditions are met; lender can refuse funding if defaults occur or collateral coverage fails.
Interest set at 1% per year, compounded quarterly; maturity is 18 months from drawdown or RTO completion, whichever is earlier.
Lender can convert at the lower of USD 2.85 or 85% of a qualifying fundraising price, subject to a USD 3.19 floor.
Loan secured by a first-ranking mortgage over 1,000,000 shares; 166.67% collateral coverage required, backed by Alexander King Ong Kong guarantee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Currenc Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-044180), on September 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Currenc Group enters US$ 1.5 million secured convertible bridge loan with Apex Innovation Global

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