Fun

Coincheck, Thunder Bridge move closer to Nasdaq listing with public filing

News Feed - 2024-05-09 01:05:03

Ana Paula Pereira7 hours agoCoincheck, Thunder Bridge move closer to Nasdaq listing with public filingCoincheck and Thunder Bridge Capital filed their registration statement with the SEC, bringing their merger and Nasdaq listing closer to completion.938 Total views2 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksJapanese crypto exchange Coincheck and Thunder Bridge Capital have taken one step closer to the completion of their merger transaction and Nasdaq listing.


According to a May 7 press release, the companies filed their registration statement on Form F-4 with the U.S. Securities and Exchange Commission, marking a milestone in their two-year journey toward a planned public offering. 


Over the past months, the companies filed multiple confidential drafts of the registration statement with the SEC, allowing for revisions based on comments. The Form F-4 is required by the commission for business transactions involving foreign companies.


Initially disclosed in March 2022, the proposed business combination aims to make Coincheck a publicly traded entity through a de-SPAC transaction with Thunder Bridge. At the time, the merger deal was reported at $1.25 billion. Monex Group statement. Source: Monex Group


A de-SPAC occurs when a private company merges with a special purpose acquisition company (SPAC) — an entity created specifically to find and acquire private businesses. Companies seek de-SPAC transactions because they may provide a faster path to public markets than traditional initial public offerings.


The merger was initially expected to be completed by the second quarter of 2022, but the severe bear market and regulatory uncertainties following the collapse of FTX in November of that year likely delayed its completion.


The business combination is now expected to be completed in the second or third quarter of 2024, pending shareholder approval and regulatory clearance from the SEC. The new holding company will operate under the name Coincheck Group, N.V. Its stock will trade under the ticker symbol CNCK on the Nasdaq. 


Coincheck is one of the largest crypto exchanges in Japan. Monex Group, the crypto exchange’s parent company, reported over 2 billion yen (roughly $14 million) in profits from crypto trading in the first quarter of 2024. Monex acquired Coincheck in 2018 after the crypto exchange suffered a major hack, in which approximately $534 million in NEM tokens were stolen.


Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEO# Japan# Business# Cryptocurrency Exchange# CoincheckAdd reaction

News Feed

Grayscale launches investment fund for MakerDAO token
Alex O’Donnell10 hours agoGrayscale launches investment fund for MakerDAO tokenGrayscale also launched funds for protocols Bittensor and Sui in August.1271 Total views3 Total sharesListen to article 0:00NewsOwn this pi
Vitalik Buterin Has Suggestions for Dogecoin and Doge’s Cooperation With Ethereum
Vitalik Buterin Has Suggestions for Dogecoin and Doge"s Cooperation With Ethereum Ethereum co-founder Vitalik Buterin has some suggestions of what he personally would like to see h
Rain exchange suffered $14.1M in suspicious outflows 2 weeks ago — ZachXBT
Christopher Roark7 hours agoRain exchange suffered $14.1M in suspicious outflows 2 weeks ago — ZachXBTSeveral wallets reportedly belonging to Rain sent suspicious token transfers to a new address.1107 Total views1 Tota
Bitcoin of America Is Working to Solve the Gender Problem in the Cryptocurrency Industry
Bitcoin of America Is Working to Solve the Gender Problem in the Cryptocurrency Industry sponsored The cryptocurrency industry has a big gender problem when it comes to female invol
Bitget Wallet launches $10M ecosystem fund alongside Onchain Layer
Zhiyuan Sun14 hours agoBitget Wallet launches $10M ecosystem fund alongside Onchain LayerThe ecosystem fund is denominated in Bitget Wallet’s native token, BWB, which is scheduled for debut this quarter.921 Total views
US Economy at Risk of Crash Landing, Allianz Warns
US Economy at Risk of Crash Landing, Allianz Warns Allianz, one of the world’s largest insurers, has warned that the U.S. economy is headed toward a crash landing. “We expect t
Analyst Reveals What The Gold Chart Says About The Possibility Of Bitcoin Price Reaching $100,000
Este artículo también está disponible en español. Recent action has seen Bitcoin price retest the $67,000 price level. Particularly, the Bitcoin price declined by about 8
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of
Zhiyuan Sun6 hours agoEcosystem developers bring Bitcoin to Cosmos networknBTC will be usable across more than 50 app-chains connected to Cosmos IBC.1071 Total views4 Total sharesListen to article 0:00NewsJoin us on soci
New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms
New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms New York Attorney General Letitia James has urged investors in her state who believe they have b
Ana Paula Pereira6 hours agoCosmos Hub upgrades to offer liquid stakingThe upgrade introduces a liquid staking module, eliminating a 21-day locking period applied for unstaked ATOM tokens.1005 Total views29 Total sharesL
David Marcus Launches Bitcoin Payments Startup Lightspark
David Marcus Launches Bitcoin Payments Startup Lightspark David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto a