On December 11, 2024, Coincheck, Japan's second-largest cryptocurrency exchange, is set to list on NASDAQ following its merger with Thunder Bridge Capital. This move establishes an initial implied market capitalization of approximately $1.3 billion.
The merger, which has been in the works since 2022, faced delays due to heightened disclosure requirements for SPAC listings earlier this year. Coincheck aims to leverage this public listing to attract international investors and enhance its global presence.
The SEC approved the merger registration last month, allowing shareholders to vote on it last week. Post-merger, the company will be named Coincheck Group N.V. and will trade under the ticker CNCK.