Thunder Bridge Capital Partners IV today announced the filing of a registration statement on its proposed merger with Coincheck Group. 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 proposed business combination is now expected to be completed in the second or third quarter.
The merger agreement was amended a year ago to extend the completion deadline to July 2, 2024.
Thunder Bridge IV raised $230 million in a June 2021 IPO. Read more.
