Japanese crypto exchange Coincheck sets Q3 as deadline for going public on Nasdaq

Major Development in Coincheck’s Merger with Thunder Bridge Capital Partners IV

Coincheck, a prominent Japanese cryptocurrency exchange, is moving forward with its merger plans with Thunder Bridge Capital Partners IV to go public on Nasdaq by the third quarter. The company has submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission (SEC) for this purpose.

Anticipated Timeline for the Coincheck and Thunder Bridge Capital Merger

According to a press release by Coincheck, the merger process is currently under review by the SEC and is expected to be completed by the second or third quarter, pending approval from Thunder Bridge IV’s stockholders. Once finalized, Coincheck Group B.V. will be renamed to Coincheck Group N.V. and listed on Nasdaq under the ticker symbol CNCK.

Monex Group’s Strategy for Coincheck’s Market Expansion

Monex Group, Coincheck’s parent company, has been eager to list its crypto venture on an American stock exchange through the merger with Thunder Bridge Capital. Despite facing delays, valued at $1.25 billion, the agreement includes an investment of $237 million from Thunder Bridge and the appointment of Gary Simanson as the CEO of the merged entity. Monex will retain an 82% stake in the combined enterprise.

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