SPACs often offer higher valuations, less dilution, faster access to funding, more certainty and fewer regulatory requirements than traditional IPOs. Many market experts claim that the reason for the high popularity of SPAC mergers is its distinct advantages over other types of funding and liquidity. Bakkt went public with a SPAC while a $3.3 billion mining company chose the SPAC merger along with several others. The parent company is expected to own 82% of the merged company.Д¬oincheck wonвЂ™t be the first firm eyeing a public listing via a SPAC merger, in fact, in 2021, several renowned crypto services providers and mining firms took the SPAC merger deal.

currently owns 94.2% of Coincheck and will retain all of its shares at closing. and Thunder Bridge IV.Д¬oincheck and Thunder Bridge didnвЂ™t respond to requests for comments from Cointelegraph at the time of publishing.ДЄfter a data breach in 2018, crypto exchange Coincheck was acquired by Monex Group for $33.5 million and the combined new holdings would act as a subsidiary of the crypto exchangeвЂ™s parent company. The deal has been approved by the Board of Directors of Coincheck, the parent company of Coincheck Monex Group, Inc. The merger agreement is valued at $1.25 billion for 125 million shares and upon completion, the combined holding company will receive $237 million in cash held in trust by Thunder Bridge IV. They sell their stock to the public to obtain funding for the future acquisition of a private company. SPACs are publicly traded corporations that do not conduct business.

The combined holding company would be called Coincheck Group, NV and is expected to be listed on Nasdaq after the deal is finalized by the second quarter of 2022 with a symbol вЂњCNCKвЂќ. The majority shares of the new combined holding company called Coincheck Group, N.V would be owned by CoincheckвЂ™s parent company Monex Group Inc.Д¬oincheck Inc., a Japan-based crypto exchange with over 1.5 million verified customers, is eyeing Nasdaq listing after a special purpose acquisition company (SPAC) merger with Thunder Bridge Capital Partners IV, Inc.

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