22 March 2022

US Listing of Japanese cryptocurrency exchange provider Coincheck with USD 1.25 BN SPAC deal

+ 6 other team members

De Brauw is advising Coincheck, Inc., a leading Japanese company in the Japanese crypto exchange industry, on its business combination with Thunder Bridge Capital Partners IV, Inc. (NASDAQ: THCP), a special purpose acquisition company. Following the combination, the combined company will be a Dutch N.V. listed on NASDAQ with an anticipated initial enterprise value of USD 1,25 billion. The transaction is expected to close in the second half of 2022, subject to customary approvals and conditions, and to Thunder Bridge's shareholders' vote.

De Brauw acted as Dutch counsel alongside Simpson Thacher & Bartlett LLP and Anderson Mori & Tomotsune.