Coincheck listed under the ticker “CNCK” after merging with SPAC Thunder Bridge IV.
The listing supports Coincheck’s plans for acquisitions and Web3 business growth.
Coincheck, a leading Japanese cryptocurrency exchange, has officially debuted on the Nasdaq Global Market under the ticker “CNCK.” The listing follows its merger with Thunder Bridge IV, a special purpose acquisition company (SPAC). This makes Coincheck the second regulated crypto exchange to list on Nasdaq, following Coinbase’s 2021 debut.
The U.S. Securities and Exchange Commission (SEC) approved Coincheck’s Form F-4 filing in November. The approval signified that the company met all legal listing requirements. Coincheck highlighted risks in its filings, such as crypto market volatility and regulatory uncertainty.
The merger, delayed due to tightened disclosure rules for SPACs, valued Coincheck at $1.3 billion. Thunder Bridge IV initially raised $230 million in 2021 to facilitate this acquisitio
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