Thunder Bridge Capital Partners IV, Inc. Announces Confidential Submission Of Draft Registration Statement To SEC With Respect To Proposed Business Combination With Coincheck, Inc.
GREAT FALLS, Va, April 05, 2022 (GLOBE NEWSWIRE) -- Coincheck Group B.V., which will become a holding company for Coincheck, Inc. ("Coincheck"), one of the largest multi-cryptocurrency marketplaces and digital asset exchanges in Japan by verified account market share, and Thunder Bridge Capital Partners IV, Inc. ("Thunder Bridge IV") (NASDAQ:THCP), a special purpose acquisition company, have submitted a confidential draft of a Registration Statement on Form F-4 to the U.S. Securities and Exchange Commission (the "SEC") with respect to their previously announced proposed business combination.
The proposed business combination is expected to be completed in the second half of 2022, subject to, among other things, the approval by Thunder Bridge IV's stockholders, satisfaction of the conditions stated in the definitive agreement and other customary closing conditions, including a registration statement being declared effective by the SEC, the receipt of certain regulatory approvals, and approval by The Nasdaq Stock Market to list the securities of the combined company. Upon the closing of the business combination between Coincheck and Thunder Bridge IV, Coincheck Group B.V. will be renamed Coincheck Group N.V. and, as a publicly listed holding company, domiciled in the Netherlands, with Coincheck as its wholly-owned subsidiary, expects to be listed on the Nasdaq Global Select Market under the ticker symbol "CNCK."
About Thunder Bridge IV
Thunder Bridge IV is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. In June 2021, Thunder Bridge IV consummated a $237 million initial public offering of 23.7 million units (reflecting the underwriters' partial exercise of their over-allotment option), each unit consisting of one share of Class A common stock and one-fifth of one warrant, each whole warrant enabling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Morgan Stanley & Co. LLC served as the sole book-running manager of Thunder Bridge IV's initial public offering.
About Coincheck
Coincheck, Inc. operates "Coincheck", a digital asset trading service with the highest number of app downloads in Japan* for three consecutive years, and over 1.5 million verified accounts**.
With the mission of "making the exchange of new values, more accessible", the company continues to develop new products and services based on emerging technologies and advanced security, giving users comfort and familiarity with the "exchange of new values" that is enabled by digital assets and blockchain.
* Among digital assets trading applications in Japan
** Period: From January 2019 to December 2021