Coincheck’s plans to go public delayed by one year
The plans of cryptocurrency company Coincheck Group B.V. (CCG), a subsidiary of Monex Group, Inc. to list on Nasdaq have been delayed by one year.
A special meeting of stockholders of Thunder Bridge Capital Partners IV, Inc. (THCP) was held on June 21, 2023 EDT and a proposal to amend THCP’s amended and restated certificate of incorporation to extend the date by which THCP must consummate a de-SPAC transaction from July 2, 2023 to July 2, 2024 was approved.
The deadline to complete the proposed business combination with THCP (the “CCG De-SPAC Transaction”) pursuant to the Business Combination Agreement among CCG and certain of its affiliates and THCP, was extended for one year.
Coincheck insists that it intends to continue its efforts toward completing the CCG De-SPAC Transaction in accordance with the Business Combination Agreement.
In March 2022, Coincheck and Thunder Bridge Capital Partners IV, Inc, a special purpose acquisition company (SPAC), announced their entry into a definitive agreement for a business combination that would result in the combined entity being a publicly listed holding company, domiciled in the Netherlands, with Coincheck as its wholly-owned subsidiary.
Upon closing of the transaction, the resulting holding company will be named Coincheck Group, N.V. and expects to be listed on the Nasdaq Global Select Market under the ticker symbol “CNCK”.