Coincheck Exchange Receives Approval to List on Nasdaq

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As a seasoned crypto investor with over a decade of experience under my belt, I must admit that this news about Coincheck Group B.V.’s impending Nasdaq listing has piqued my interest significantly. Having witnessed the rise and fall of countless crypto ventures, it’s always refreshing to see a well-established player in the space taking the leap into traditional markets.

Coincheck Group B.V., a well-known Japanese cryptocurrency trading platform, disclosed that they have been granted final authorization by the United States Securities and Exchange Commission (SEC) to be listed on the Nasdaq Stock Market.

The exchange plans to combine with Thunder Bridge Capital Partards IV, Inc. (“THCP”), a company currently traded on Nasdaq, which was specifically formed to assist private companies in becoming publicly listed.

Initially unveiled in March 2022, this agreement has undergone several revisions over time, with the latest update occurring in October 2024.

Prior to its initial public offering, Coincheck Group B.V., which is presently incorporated privately in the Netherlands, plans to restructure itself as a public company known as Coincheck Group N.V. This transformation is essential to comply with the prerequisites for trading on Nasdaq.

After the procedure is finished, Coincheck anticipates that their shares will start being traded using the ticker symbol “CNCK” on the day after the deal’s final closure.

Additionally, a shareholder meeting for THCP has been set for December 5, 2024, during which they will vote on the proposed merger. It is anticipated that the transaction will conclude around December 10, 2024, after which Coincheck shares will become publicly tradeable on Nasdaq.

Additionally, it’s worth noting that Coincheck has submitted multiple documents to the Securities and Exchange Commission (SEC) during this listing procedure. Now that the SEC has given the green light to the Form F-4 registration, THCP plans to distribute the final ballot materials to its shareholders. These shareholders will then cast their votes on the merger.

Interested stakeholders in THCP, including shareholders, are invited to examine these resources. They’re available for complimentary access on the SEC’s EDGAR platform.

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2024-11-13 18:31