Coincheck said the timing is subject to approval by Thunder Bridger IV’s stockholders, the SEC and Nasdaq.
Japanese cryptocurrency exchange Coincheck expects its listing on Nasdaq via a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP) to complete in the second or third quarters.
The timescale is subject to approval by Thunder Bridger IV’s stockholders, the U.S. Securities and Exchange Commission (SEC) and Nasdaq, Tokyo-based Coincheck said in an announcement on Wednesday.
The merger was announced over two years ago in March 2022, with initial plans to complete in the second half of that year. The target was pushed to July 2023 before being extended further by up to 12 months.
Once the merger completes, the Netherlands-domiciled business will be renamed Coincheck Group and list on the Nasdaq Global Select Marker under the ticker “CNCK,” joining Coinbase (COIN) as the only crypto exchanges publicly traded in the U.S.
Source: Crypto Insider