Thunder Bridge Capital Partners IV in a proxy filing called a June 26 meeting for shareholders to vote on the SPAC’s proposal for a deadline extension from July 2 to Jan. 2, 2025.
The SPAC wants more time to finalize its merger with Tokyo-based Coincheck, 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.
