Coincheck’s plans to list via merger with Thunder Bridge may be further delayed

Japanese cryptocurrency exchange Coincheck's plans to list on Nasdaq through a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV may be further delayed. Thunder Bridge's board believes there is not enough time to complete the merger by the July 2 deadline, and it recommends extending the deadline by up to 12 months, subject to a shareholder vote. The merger of Coincheck and Thunder Bridge was first announced in March 2022 and was initially expected to be completed in the second half of the year. October 2022 Coincheck said the deadline has been pushed back to July 2, 2023.