Japanese company Coincheck will enter the Nasdaq via SPAC
The deal will be completed in the second half of 2022
22.03.2022 - 15:00
696
1 min
0
What’s new? The Japanese cryptocurrency exchange Coincheck Inc announced its entry into the Nasdaq by merging with the special-purpose acquisition company (SPAC), Thunder Bridge Capital Partners IV Inc, in a $1,25 billion deal. The combined company, Coincheck Group NV, will be listed on the Nasdaq under the ticker “CNCK.” , Today reports.
Information on the Today website
What is the outcome of the agreement? The merged company will receive $237 million in cash, which will be held in the SPAC trust, as a result of the deal. The share of Monex Group, Coincheck’s major shareholder, will be 82%.
What is known about Coincheck? It is one of the largest cryptocurrency exchanges in Japan, headquartered in Tokyo. It is regulated by the Japan Financial Services Agency. The platform has around 1,5 million registered users. According to CoinGecko, the daily trading volume is $130 million.
Useful material?
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Telegram
Twitter