Japanese cryptocurrency exchange Coincheck anticipates that its listing on Nasdaq through a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) will be finalized in the second or third quarters.
This timeline is contingent upon approval from Thunder Bridge IV’s stockholders, the U.S. Securities and Exchange Commission (SEC), and Nasdaq, as stated by Coincheck in an announcement on Wednesday.
The merger was originally announced over two years ago in March 2022, with initial plans for completion in the second half of the same year. However, the target was postponed to July 2023 before receiving a further extension of up to 12 months.
Upon the completion of the merger, the business, headquartered in the Netherlands, will be rebranded as Coincheck Group and will be listed on the Nasdaq Global Select Market under the ticker symbol “CNCK.” This move will make Coincheck Group the second crypto exchange publicly traded in the U.S., alongside Coinbase (COIN).
