Simpson Thacher is representing Monex Group, Inc. (“Monex”) and Coincheck, Inc. (“Coincheck”) in connection with Coincheck’s entry into a business combination agreement with Thunder Bridge Capital Partners IV, Inc. (Nasdaq: THCP), a publicly traded special purpose acquisition company. As a result of the transaction, a newly formed holding company in the Netherlands will become a publicly listed company on Nasdaq with an expected implied equity value of approximately $1.25 billion. Coincheck will be a wholly owned subsidiary of the holding company, and Coincheck’s current shareholders are eligible for potential earn-out consideration in connection with the transaction with an estimated value of $500 million. The transaction will be the first de-SPAC transaction involving a Japanese company.~~Coincheck operates marketplace and exchange platforms for crypto assets in Japan. Throughout its history, Coincheck has been a leader in the Japanese crypto exchange industry, operating platforms on which several types of cryptocurrencies are supported and offering several retail-focused crypto services that build confidence among seasoned and first-time investors alike. Coincheck is a wholly owned subsidiary of Monex, a major financial services company based in Tokyo, Japan.~~The Simpson Thacher team includes Alan Cannon, Patrick Naughton, Jonathan Stradling, Lowell Battles, Xochitl Romo, Daisuke Ueta, Alexandra David and Keisuke Takacho (Corporate); Benjamin Rippeon, Michael Mann and Kris Liu (Tax); Lori Lesser, Bobbie Burrows and Sam Watters (Intellectual Property); Tristan Brown (Executive Compensation and Employee Benefits); and Kelly Karapetyan (Antitrust).