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

Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document
Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document The launch of a digital ruble will be among Russia’s key priorities of d
Minting of ․VR, ․Metaverse, ․Chain NFT Domains Now Live on Quik․com
Minting of ․VR, ․Metaverse, ․Chain NFT Domains Now Live on Quik․com sponsored It is official! Minting of NFT domains is now live on the Quik marketplace!
How to buy and sell Bitcoin options
Marcel Deer1 hour agoHow to buy and sell Bitcoin optionsDiscover how to speculate on Bitcoin’s price movements without owning the asset itself via Bitcoin options.454 Total views9 Total sharesListen to article 0:00How
US Senator Cruz ‘Incredibly Bullish’ on Bitcoin — Says ‘I Have a Weekly Buy’
US Senator Cruz "Incredibly Bullish" on Bitcoin — Says "I Have a Weekly Buy" U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryp
Former Coinbase Manager’s Brother Pleads Guilty in Cryptocurrency Insider Trading Case
Former Coinbase Manager"s Brother Pleads Guilty in Cryptocurrency Insider Trading Case The brother of a former Coinbase product manager has pleaded guilty in a cryptocurrency insid
Helen Partz13 hours agoYou can build your own Trezor, but here’s the price — DIY wallet engineerAn electronics design manager who made his own Trezor One has assessed the difficulty of building a DIY crypto wallet fr
Spot Ether ETFs ‘unlikely to be dramatic’ but would get steady capital — Binance CEO
Ezra Reguerra46 minutes agoSpot Ether ETFs ‘unlikely to be dramatic’ but would get steady capital — Binance CEOBinance CEO Richard Teng highlighted that the spot Ether ETFs could provide a stable and substantial in
Lbank’s Successful Web Summit Lisbon Exhibition, Free to Ride Campaign, and More
Lbank’s Successful Web Summit Lisbon Exhibition, Free to Ride Campaign, and More press release PRESS RELEASE.INTERNET CITY, DUBAI, LISBON, Nov. 4th, 2022 – Global crypto exchang
Martin Young4 hours agoFederal Reserve’s banking bailouts reach a new weekly high of $103BThe Fed’s emergency loan facility has reached new highs as embattled banks are needing a central bank bailout.1453 Total views
Strategists: US Dollar’s Reserve Currency Status Eroding at ‘Alarming Pace’
Strategists: US Dollar"s Reserve Currency Status Eroding at "Alarming Pace" Asset management firm Eurizon SLJ’s strategists have warned that the erosion of the U.S. dollar’
Glassnode Finds XRP Is Retail’s Top Pick This Cycle
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ana Paula Pereira8 hours agoCrypto Biz: Value of X halves, CME rises among top Bitcoin futures exchanges, and other newsThe CME booms as the crypto industry anticipates the approval approval of a spot Bitcoin ETF in the