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Announced

Monex-backed Coincheck to go public via a SPAC merger with Thunder Bridge Capital Partners IV in a $1.75bn deal.

Financials

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Transaction Value£1,329m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

FinTech

Pending

currency exchanges

Cross Border

Single Bidder

Majority

Acquisition

Japan

De-SPAC

Friendly

Private

Reverse Takeover

Synopsis

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Monex-backed Coincheck, a provider of a currency exchange platform, agreed to go public via a SPAC merger with Thunder Bridge Capital Partners IV in a $1.75bn deal. “Thunder Bridge firmly believes that blockchain technology and digital assets will be a driving force in changing the financial services industry globally. While this disruption is still in its early stages, we believe it is happening at a pace and to a degree that it is real, here and now. This evolution will require a steady and thoughtful approach that is rapidly accelerating with suitable compliance programs. This is where we excel. We have patiently looked for the right entry point to allocate our focus, talents, and financial resources to become global leaders in this evolution. Coincheck is exactly what we were looking for amid a global playing field,” Gary Simanson, Thunder Bridge IV President and CEO.

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