Cryptocurrencies
Monex’s Coincheck Enters Into SPAC Agreement for U.S. Listing
- Crypto marketplace in $1.3 billion Thunder Bridge deal
- Coincheck expects to list on Nasdaq Exchange in second half
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Coincheck Inc., a Tokyo-based cryptocurrency marketplace, said it agreed to go public in the U.S. through a merger with Thunder Bridge Capital Partners IV Inc. in a transaction valued at roughly $1.3 billion.
The subsidiary of Japan’s Monex Group Inc. expects to close the reverse merger with the special purpose acquisition company and list on the Nasdaq Exchange in the second half of this year under symbol ‘CNCK.’ The firm is set to receive about $240 million in cash from the deal, assuming no shareholder redemptions, and before considering expenses.