Thunder Bridge Completes Business Combination with Coincheck
Deal News | Dec 16, 2024 | Ropes & Gray
Ropes & Gray, acting as capital markets advisors, facilitated a business combination between Thunder Bridge Capital Partners IV, a special purpose acquisition company (SPAC), and Coincheck Group N.V., the parent company of the crypto trading platform Coincheck, Inc. The merger was ratified by Thunder Bridge IV's shareholders on December 5 and formally disclosed via a press release on December 10. Coincheck, which is now one of only two Nasdaq-listed companies focused on crypto exchange operations, initiated trading under new ticker symbols CNCK and CNCKW starting December 11. The advisory team from Ropes & Gray was headed by capital markets partner Christopher Capuzzi.
Sectors
- Cryptocurrency
- Finance and Capital Markets
Geography
- United States – The article mentions Nasdaq, which is a major stock exchange based in the United States.
Industry
- Cryptocurrency – The article discusses the business combination involving Coincheck, a cryptocurrency trading service.
- Finance and Capital Markets – Involves Thunder Bridge Capital Partners IV, which is a SPAC focused on capital markets activities.
Financials
- – No specific financial figures such as deal price or enterprise value are mentioned in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thunder Bridge Capital Partners IV, Inc. | Bidding Company | Company | A special purpose acquisition company involved in merging with Coincheck Group N.V. |
| Coincheck Group N.V. | Target Company | Company | The holding company for Coincheck, Inc., a cryptocurrency trading service. |
| Ropes & Gray | Legal Advisor | Company | Law firm that acted as the capital markets advisors for Thunder Bridge Capital Partners IV, Inc. |
| Christopher Capuzzi | Capital Markets Partner | Person | Led the team at Ropes & Gray advising Thunder Bridge Capital Partners IV, Inc. |