Coincheck’s $1.3 Billion De-SPAC

Cleary Gottlieb is representing Galaxy Digital Partners LLC as financial advisor to Thunder Bridge Capital Partners IV Inc. (Thunder Bridge) in the de-SPAC transaction in which Thunder Bridge will combine with Coincheck Inc. (Coincheck).

Upon conclusion of the transaction, the new parent entity, Coincheck Group B.V. will become a publicly listed company on the NASDAQ stock exchange with an expected initial implied market capitalization of approximately $1.3 billion. The registration statement in respect of the transaction was declared effective on November 12, 2024, and a special meeting of Thunder Bridge’s shareholders in respect of the transaction is scheduled for December 5, 2024.

Coincheck is a leader in the Japanese cryptocurrency industry, providing a crypto asset marketplace for Japanese retail investors.