CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$21,393.00
  • ethereum
    ETH$1,235.07
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Japanese Crypto Exchange Coincheck to List on Nasdaq Via $1.25B SPAC Merger

    Japanese Crypto Exchange Coincheck to List on Nasdaq Via $1.25B SPAC Merger

    Author: Chayanika Deka

    Last Updated Mar 22, 2022 @ 15:29

    Coincheck is all set to go public in the United States via a merger with Thunder Bridge Capital Partners IV Inc.

    Japanese cryptocurrency exchange, Coincheck has announced plans to go public in the United States by entering into a definitive merger agreement with blank-check firm Thunder Bridge Capital Partners IV Inc.

    The Merger

    According to the official press release, the merger deal is worth $1.25 billion. Upon closing, the combined company will receive proceeds of $237 million from the cash held in the special-purpose acquisition company’s (SPAC) trust, assuming there are no redemptions by THCP shareholders and before expenses.

    The proposed business combination was approved by the boards of directors of Coincheck, Monex, and Thunder Bridge IV unanimously and is expected to be completed in the second half of 2022. After that, the new entity, called – Coincheck Group NV – will list on the Nasdaq Global Select Market under the ticker “CNCK.”

    Online securities company Monex, which owns over 94% of Coincheck, will retain all of its equity at closing. Excluding warrants and earn-outs, the parent company’s ownership will be around 82% in the combined entity.

    Thunder Bridge Capital Partners Ⅳ, Inc.との統合によるNASDAQ上場子会社への移行についてhttps://t.co/okAq9uWQIU

    — Coincheck(コインチェック) (@coincheckjp) March 22, 2022

    ADVERTISEMENT

    Gary Simanson, President and CEO of Thunder Bridge IV, said blockchain technology and digital assets will be a driving force in transforming the financial services industry across the world. The exec also added,

    “This evolution will require a steady and thoughtful approach that is rapidly accelerating with suitable compliance programs. This is where we excel. We have patiently looked for the right entry point to allocate our focus, talents, and financial resources to become global leaders in this evolution. Coincheck is exactly what we were looking for amid a global playing field.”

    After the closure of the transaction, Monex Group’s CEO, Oki Matsumoto, will lead the combined holding company as Executive Chairman. He will be joined by Gary Simanson as Chief Executive Officer. Meanwhile, the current Japan-based management team, including its President Satoshi Hasuo, will continue to lead and operate Coincheck.

    Coincheck’s Latest Developments

    The Japanese exchange recently tapped into the world of NFTs after rolling out a beta marketplace.

    Besides, Coincheck also launched the country’s first Initial Exchange Offering (IEO) last year that allowed blockchain assets to list on a cryptocurrency exchange, enabling users to participate in new services and projects.

    In 2020, the crypto exchange suffered a security breach wherein the perpetrators gained access to users’ personal information and emails.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • Core_Scientific
      North America’s Largest Bitcoin Miner Goes Public With a SPAC Merger (Report)
    • MaiCoin
      Taiwanese Crypto Exchange MaiCoin Eyes Nasdaq Listing (Report)
    • FTX_US
      FTX US to Offer Crypto Derivatives and NFT Services to Customers
    Tags: Japan NASDAQ United States
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Chayanika Deka
    More posts by this author

    Chayanika has been working as a financial journalist for three years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm. Contact:Linkedin

  • bitcoin
    BTC$21,393.00
  • ethereum
    ETH$1,235.07
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Binance Visa Card Guide: Read Before You Order

    Binance Visa Card Guide: Read Before You Order

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!