Coincheck Group B.V. and Thunder Bridge Capital Partners IV have submitted a confidential draft of a registration statement on Form F-4 to the SEC, outlining their proposed business combination.
Pending regulatory and shareholder approval, the deal is expected to be completed in the second half of 2022. Upon closing, Coincheck Group N.V. will be domiciled in the Netherlands, with a listing on the Nasdaq under the ticker symbol CNCK.
Coincheck bills itself as one of the largest multi-cryptocurrency marketplaces and digital asset exchanges in Japan by verified account market share.
The deal has an implied equity value of $1.25 billion. If approved, upon closing the combined company will receive $237 million in cash held in trust by Thunder Bridge IV. Read more.
