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Currenc Group Inc. (NASDAQ:CURN), a micro-cap company with a market capitalization of $9.38 million, announced on Friday that it has amended and restated a promissory note agreement with Greenberg Traurig, LLP, reducing the outstanding principal from $3.2 million to $1.6 million and extending the maturity date to November 28, 2025. According to InvestingPro data, the company maintains a FAIR financial health score of 2.33.
According to a statement in a recent SEC filing, the original promissory note was entered into on August 30, 2022, and had a maturity date of July 30, 2025. The amended note, executed on July 18, 2025, reflects the reduced principal amount and a revised repayment schedule. With a strong current ratio of 43.4 and the company’s stock showing a 71.43% year-to-date return, investors should note that earnings are expected in 4 days.
Under the new terms, Currenc Group will repay the $1.6 million principal in installments: $150,000 concurrently with the execution of the amended note, $300,000 by August 29, 2025, $500,000 by September 30, 2025, and the remaining $650,000 by November 28, 2025. The company retains the option to repay the note, in whole or in part, at any time before the final maturity date.
The information is based on a press release statement included in the company’s SEC filing.
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