- Coincheck listed under the ticker “CNCK” after merging with SPAC Thunder Bridge IV.
- The listing supports Coincheck’s plans for acquisitions and Web3 business growth.
The merger, delayed due to tightened disclosure rules for SPACs, valued Coincheck at $1.3 billion. Thunder Bridge IV initially raised $230 million in 2021 to facilitate this acquisition. The Nasdaq-listed company will now operate as Coincheck Group N.V., retaining its experienced management team, with Oki Matsumoto as executive chairman.
Coincheck’s Evolution
Monex Group acquired Coincheck for ¥3.6 billion ($33.6 million) that year and has since strengthened its compliance and operations. The public listing allows to expand its global reach. The company plans to leverage Nasdaq-listed shares for acquisitions, talent recruitment, and strategic partnerships.
CEO Satoshi Hasuo emphasized the potential for cryptocurrency as a new means of value exchange and promised further growth in Coincheck’s Web3 business. Coincheck’s successful listing reflects the growing interest in regulated crypto exchanges.
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