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GREAT FALLS, Va. & AMSTERDAM--(BUSINESS WIRE)--Dec 10, 2024-- Coincheck Group N.V. (“Coincheck”), a Dutch public limited liability company and a holding company of a cryptocurrency trading service company, and Thunder Bridge Capital Partners IV, Inc. (Nasdaq: THCP, THCPU & THCPW) (“Thunder Bridge IV”), a special purpose acquisition company, announced today the consummation of their previously announced business combination. As a result, the ordinary shares and warrants of Coincheck will commence trading on Nasdaq on December 11, 2024 under the new ticker symbols “CNCK” and “CNCKW,” respectively. The business combination was approved at a special meeting of the shareholders of Thunder Bridge IV on December 5, 2024. “The completion of our business combination with Thunder Bridge IV marks an extraordinary milestone for Coincheck,” said Oki Matsumoto, Representative Executive Officer and Chairman of Monex Group, Inc., and Executive Chairman of Coincheck. “Coincheck was created through the fusion of a robust business foundation built in Japan, combined with the strengths of the U.S. capital markets through the close collaboration of exceptional business and capital markets talent in both Japan and the U.S. We are incredibly proud and excited to become a Nasdaq listed company and for what the future holds for the Coincheck group companies and our shareholders.” “We are pleased to announce the closing of our merger with the entire Coincheck team,” said Gary Simanson, President and CEO of Thunder Bridge IV. “As a member of the board of directors and CEO of Coincheck, I look forward to partnering with Oki and his team to build one of the preeminent global crypto and Web3 companies in the world.” Coincheck Group N.V. (“CNCK” and “CNCKW”), is a global holding company, headquartered in the Netherlands, operating in the crypto asset and Web3 domains, and is the parent company of Coincheck, Inc. (“Coincheck Japan”), which operates the regulated crypto asset trading service “Coincheck” in Japan. Coincheck Japan is the leading crypto asset exchange in Japan and is one of the most established and trusted names in crypto. Coincheck Japan has been recognized as Japan’s No.1* most downloaded trading app for five consecutive years. Coincheck is on a mission to “Make Exchange of New Value Easier” by utilizing crypto assets and blockchain technology. Coincheck Group N.V. is one of only two publicly listed companies on NASDAQ having a crypto asset exchange as its core business. As a newly listed NASDAQ company, and “Your Trusted Global Partner in the Digital World,” Coincheck is well-positioned to further solidify the group’s dominant position in Japan’s crypto asset trading industry and to establish the group as a global player in the crypto and Web3 industry worldwide. The business combination resulted in gross proceeds of approximately $31.6 million to the combined company, including funds held in a restricted account pursuant to the terms of the previously announced non-redemption agreement, and net of Thunder Bridge IV shareholder redemptions. J.P. Morgan Securities LLC served as sole financial advisor to Monex Group, Inc., Coincheck Japan’s former direct parent company and now the parent company of Coincheck, in connection with the business combination. Galaxy Digital Partners LLC served as financial advisor to Thunder Bridge IV and Barclays Capital Inc, BTIG, LLC, Cantor Fitzgerald & Co., Inc, Keefe, Bruyette & Woods, Inc., a Stifel Company, and KeyBanc Capital Markets Inc. served as capital markets advisors to Thunder Bridge IV in connection with the business combination. Nelson Mullins Riley & Scarborough LLP, Mori Hamada & Matsumoto, Littler Mendelson P.C. and Allen & Overy LLP served as legal advisors to Thunder Bridge IV and Simpson Thacher & Bartlett LLP, Anderson Mori & Tomotsune, and De Brauw Blackstone Westbroek N.V. served as legal advisors to Coincheck and Monex Group, Inc. Forward Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about trading, future financial and operating results, plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning or the negative thereof. These forward-looking statements include, but are not limited to, statements regarding Coincheck’s trading, industry and market sizes, future opportunities for Coincheck , Coincheck Japan and Thunder Bridge IV, Coincheck’s estimated future results and the business combination between Thunder Bridge IV and Coincheck.. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control, which could cause actual results or events to differ materially from those presently anticipated including (i) a delay or failure to realize the expected benefits from the business combination, (ii) risks related to disruption of management’s time from ongoing business operations due to the business combination, (iii) changes in the cryptocurrency and digital asset markets in which Coincheck competes, including with respect to its competitive landscape, technology evolution or regulatory changes, (iv) changes in domestic and global general economic conditions, (v) risk that Coincheck may not be able to execute its growth strategies, including identifying and executing acquisitions, (vi) risk that Coincheck may not be able to develop and maintain effective internal controls and (vii) and other risks and uncertainties discussed in Coincheck’s filings with the U.S. Securities and Exchange Commission. Coincheck undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by law. About Coincheck Group N.V. Coincheck Group N.V. is a Dutch public limited liability company and a holding company of Coincheck, Inc., , which operates the “Coincheck” cryptocurrency trading service, and has achieved the highest number of app downloads in Japan for 5 consecutive years*. With the mission of “Making Exchange of New Value Easier,” Coincheck, Inc. aims to create better services that allow people to feel the value of new exchanges created by cryptocurrencies and blockchain technologies, through the latest technology and advanced security. *Target: Cryptocurrency trading app in Japan, Period: January 2019-December 2023, Data cooperation: App Tweak View source version on businesswire.com : https://www.businesswire.com/news/home/20241210703460/en/ CONTACT: Coincheck Group N.V. Media Relations For inquiries from the press regarding this release, please contact: Coincheck Group N.V. Public RelationscoincheckIR@icrinc.comCoincheck Group N.V. Investor Relations For inquiries from the press regarding this release, please contact: coincheckIR@icrinc.com KEYWORD: VIRGINIA NETHERLANDS NORTH AMERICA UNITED STATES ASIA PACIFIC EUROPE INDUSTRY KEYWORD: APPS/APPLICATIONS TECHNOLOGY FINANCE FINTECH PROFESSIONAL SERVICES BLOCKCHAIN SOFTWARE INTERNET CRYPTOCURRENCY SOURCE: Coincheck Group N.V. Copyright Business Wire 2024. PUB: 12/10/2024 05:52 PM/DISC: 12/10/2024 05:50 PM http://www.businesswire.com/news/home/20241210703460/en
MLB Rumors: Juan Soto Likely to Get Contract Offers This Week Amid Yankees, Mets BuzzMohamad signed the MoUs at the Saudi Foreign Ministry’s central office. — Photo from Facebook/Dato’ Seri Utama Haji Mohamad Bin Haji Hasan RIYADH (Dec 11): Malaysia and Saudi Arabia further solidified their bilateral relations with the signing of two memoranda of understanding (MoUs) yesterday. Both of the MoUs were inked by Foreign Minister Datuk Seri Mohamad Hasan at the Saudi Foreign Ministry’s central office here. The first MoU on the Mutual Short Stay Visa Exemption for holders of Diplomatic, Special and Official Passports was signed and exchanged between Mohamad and his Saudi counterpart Prince Faisal Farhan Al-Saud. The MoU is a significant step forward in the close bilateral relationship between Malaysia and Saudi Arabia, which has been built since the establishment of diplomatic relations in 1957. It is also a recognition by the Saudi Arabian government towards Malaysia, especially in facilitating travel arrangements and increasing the direct involvement of members of the administration and officials from both countries. The second MoU on the Field of Social Development was signed and exchanged between Mohamad and Saudi Vice Minister of Human Resources and Social Development for Labour Dr Abdulla Nasser Abuthnain. The MoU, among other things, strengthens cooperation between institutions and organisations in both countries in the area of social development by supporting and developing policies and programmes related to family development, women’s empowerment, and child protection. In addition to encouraging the exchange of experiences and scientific information between the two countries, this MoU will also create opportunities for the sharing of expert and professional resources. Malaysia is Saudi Arabia’s largest trading partner among Asean Member States and the 7th largest globally. In 2023, Saudi Arabia was Malaysia’s largest trading partner in the Middle East, with total trade valued at RM50.52 billion. For the first eight months of 2024, total bilateral trade was valued at RM30.09 billion. — BernamaAn international study has found “high levels of alcohol industry penetration” in the formulation of government alcohol policies in 24 countries, including Ireland. The findings have been criticised by Alcohol Action Ireland, which described industry access to policymakers as “extensive”. However, the Irish drinks industry said it had a “right” to engage with policymakers, given the scale of the sector in Ireland. The Department of Health said most of the Public Health (Alcohol) Act 2018 has come into effect, with two outstanding provisions — on a broadcast watershed and labelling of alcohol products — due to start next January and in May of 2026 respectively. The study, published in the British Medical Journal , involved researchers in 24 countries, including five European states, Ireland among them. It found that Ireland scored five out of five in terms of “indicators of alcohol industry penetration” in policy making, namely: Ireland was the only one of the five European counties (the others being Finland, Lithuania, Netherlands, and Norway) that had all five indicators. The research also examined “indicators of government safeguards” to limit industry influence. These indicators were: It found that Ireland scored four out of five of these indicators, with the last one — records of meetings — the sole safeguard in place. Concluding, the research said: “We found high levels of alcohol industry penetration and very limited government safeguards against alcohol industry influence across 24 diverse jurisdictions. “Learning from experiences in tobacco control, governments should adopt stronger measures to protect policies from the alcohol industry’s vested interests, including restricting interactions and partnerships with the alcohol industry, limiting political contributions and enhancing transparency.” Sheila Gilheany of Alcohol Action Ireland said: “Alcohol industry access to policy-making in Ireland is extensive. "It is clear from lobbying returns that industry meets frequently with government officials and senior politicians across multiple departments. This is shocking given this industry costs Ireland at least €12 billion annually. “Such access has the effect of stymieing progress in tackling the multiple issues around alcohol in Ireland with policy makers absorbing industry narratives and being deflected from taking the common-sense measures that have widespread public support such as controls on alcohol advertising and licensing hours.” Drinks Ireland said the sector was a “driver of economic prosperity”, creating jobs and acting as a catalyst for wider economic activity. in many rural areas. “An industry of this magnitude and reach has the right to engage with policymakers in this capacity and seek vital business supports where necessary,” the statement said. “We do so in line with transparency and lobby register standards and requirements. “Drinks Ireland believes that there is insufficient engagement with industry on alcohol related policy and legislation.” It said that the findings seemed to show that Ireland “differs little” from the findings of other countries. The statement said Drinks Ireland wanted a Government strategy of “proper engagement” with the industry, adding: “This has been lacking in recent years, with policy makers adopting policies that rely on outdated stereotypes.” The Department of Health told the Irish Examiner that five key provisions of the Public Health (Alcohol) Act 2018 “have come into effect”. These provisions relate to: It said a broadcasting watershed provision will come into effect in January 2025, while provision on the labelling of alcohol products will commence on May 22, 2026. It added that the Department of Justice had responsibility for alcohol licensing laws and that the Department of Finance dealt with alcohol taxation.