Coincheck Group Updates on Nasdaq Listing Plans via SPAC Merger
October 11, 2024
Definitive Agreement: Mar 22, 22
Industry:
BLANK CHECKS
Coincheck Group, a subsidiary of Monex Group and a major player in the Japanese cryptocurrency market, provided an update on its plans to go public on Nasdaq through a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV.
The company reiterated its commitment to the merger, emphasizing the benefits of accessing public markets, including raising capital for expansion and utilizing shares for acquisitions and employee compensation.
To reduce potential share dilution, Coincheck Group and Thunder Bridge have agreed to amend their merger agreement and remove a clause related to performance-based earn-out share issuances. This amendment simplifies the transaction and demonstrates a focus on maximizing shareholder value.
Launch Two Acquisition Corp. Raises $230 Million in Nasdaq IPO
October 09, 2024
IPO / SPAC: Oct 08, 24
Industry:
BLANK CHECKS
Launch Two Acquisition Corp., a special purpose acquisition company (SPAC), has successfully completed its initial public offering (IPO) on the Nasdaq Global Market, raising $230 million. The SPAC intends to target technology and software infrastructure companies serving the financial services, real estate, and asset management sectors. Launch Two is led by an experienced management team with a focus on acquiring established businesses with strong growth potential.