Coincheck, a Japanese cryptocurrency exchange, anticipates its listing on Nasdaq through a special purpose acquisition company (SPAC) merger with Thunder Bridge Capital Partners IV (THCP) in the second or third quarters.
Thunder Bridge IV plans to close the deal after garnering decent approval from the stockholders involved, the Securities and Exchange Commission, and the NASDAQ.
On May 7, 2024, they publicly filed a registration statement on Form F-4 with the U.S. Securities and Exchange Commission (SEC), indicating progress in their planned merger.
During the post-merger, the new identity will be rebranded as Coincheck Group N.V., a publicly listed holding company with CNCK ticker and headquarters in the Netherlands. It will have its Coincheck entity as a fully owned subsidiary.
The parties have submitted key documents to the SEC, such as a proxy statement and prospectus essential for the merger. Thunder Bridge IV stockholders and other interested parties are advised to review these materials, as they contain essential information about the entities and the forthcoming business combination.
The merger was initially announced over two years ago, in March 2022, with initial plans to complete it in the second half of the same year. However, the target completion date was pushed to July 2023 before being extended further by up to 12 months.
