Thunder Bridge Capital Partners IV in an 8-K said it amended its merger agreement with Coincheck to extend the deadline to July 2, 2024. A proxy was also filed with the SEC reflecting the extension.
The deal has an implied equity value of $1.25 billion. At deal announcement in March 2022, the combined company was expected to received $237 million in cash held in trust by Thunder Bridge IV.
Tokyo-based Coincheck is one of Japan’s largest multi-cryptocurrency marketplaces and digital asset exchanges by verified account market share,
“After more than a year of working with Gary Simanson and his team at Thunder Bridge, Coincheck Group remains committed to completing the business combination with Thunder Bridge and to gaining access to the U.S. capital markets,” said Oki Matsumoto, Chairman and Chief Executive Officer of the Company. “The rationale for the proposed business combination and listing of Coincheck Group, as a holding company of a registered virtual crypto currency exchange in Japan, on the Nasdaq Global Market is more compelling than ever. By extending the deadline of the business combination for an additional twelve months, we are making a clear statement that we are committed to pursuing this strategic transaction. We look forward to working with Gary Simanson and his team to successfully consummate the proposed business combination and to having Coincheck Group become a publicly traded company on the Nasdaq Global Market.” Read more.
