TechFlow News — Japanese cryptocurrency exchange Coincheck plans to go public through a SPAC merger with blank check company Thunder Bridge Capital Partners IV in a deal valuing the combined entity at approximately $1.25 billion. The transaction is expected to be completed in the second half of 2022, enabling the merged entity to list on the Nasdaq.
Currently, Japanese financial group Monex Group owns 94.2% of Coincheck. Following the merger, it will continue to hold an 82% majority stake in the new entity.
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