Coincheck and Thunder Bridge Capital Partners IV filed a proxy statement on their proposed merger and agreed to extend the completion date to Jan. 2, 2025, pending approval of the SPAC’s shareholders. A meeting to vote on the extension will be held in late June.
The listing of CCG on the Nasdaq “will enable us to gain exposure to international investors and to utilize Nasdaq-listed shares as effective currency for recruiting talent and making global acquisitions, thereby further expanding our crypto asset business,” Coincheck said in the statement.
Tokyo-based Coincheck is one of Japan’s largest multi-cryptocurrency marketplaces and digital asset exchanges by verified account market share. The company is a unit of The Monex Group.
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.
The merger agreement was amended last year to extend the completion deadline to July 2, 2024.
Thunder Bridge IV raised $230 million in a June 2021 IPO. Read more.
