Coincheck Group to Acquire 3iQ Corp.
Simpson Thacher represented Coincheck Group N.V. as U.S. counsel in its acquisition of 3iQ Corp. in a stock-for-stock transaction with an agreed value of $111 million.
3iQ is a leading alternative digital asset manager located in Canada, with a focus on institutional-grade crypto investments. 3iQ was the first company to launch a Bitcoin ETP listed on a major global stock exchange, the 3iQ Bitcoin ETF.
Coincheck Group N.V. is a NASDAQ-listed holding company based in the Netherlands. Its core subsidiary, Coincheck, Inc., operates one of Japan’s leading crypto asset trading platforms.
The Simpson Thacher team included Matt Nemeroff and Jeffrey MacDonald (Financial Institutions/M&A); and Mark Brod, Arielle Katzman and Joseph Hahn (Capital Markets).