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Coincheck Group Signs Agreement to Acquire 3iQ, a Global Pioneer in Digital Asset Investment Solutions
AMSTERDAM--(BUSINESS WIRE)-- Coincheck Group N.V. (Nasdaq: CNCK, “Coincheck Group”), the holding company of Coincheck, Inc. (“Coincheck”), one of Japan’s
About this update from Coincheck Group N.v.
[{"type":"text","content":" AMSTERDAM--(BUSINESS WIRE)--\nCoincheck Group N.V. (Nasdaq: CNCK, “Coincheck Group”), the holding company of Coincheck, Inc. (“Coincheck”), one of Japan’s leading crypto asset exchanges, today announced that it has entered into a stock purchase agreement with its majority shareholder, Monex Group, Inc. (“Monex”), as seller, to acquire approximately 97% beneficial ownership of 3iQ Corp., one of the world's leading alternative digital asset managers. 3iQ is based in Ontario, Canada.\n\n\nThe Transaction\n\n\nPursuant to the agreement, based on an agreed value for 3iQ of USD 111,840,476, and an agreed value for Coincheck Group stock of USD 4.00 per ordinary share, all issued and outstanding shares beneficially owned by Monex in 3iQ’s holding company, constituting approximately 97% beneficial ownership of 3iQ, are to be exchanged for 27,149,684 newly issued ordinary shares of Coincheck Group. The agreement also contemplates that between signing and closing Coincheck Group will offer the same or substantially equivalent acquisition consideration terms to 3iQ’s minority shareholders, issuing to them in the aggregate up to 810,435 Coincheck Group ordinary shares, which would result in Coincheck Group beneficially owning 100% of 3iQ. Closing of the transaction, which is subject to customary undertakings and certain conditions, including regulatory approvals and confirmatory due diligence, is expected during the second calendar quarter of 2026.\n\n\n3iQ Milestones and Accomplishments\n\n\n3iQ was founded in 2012 with the mission to provide investors access to digital assets within traditional financial accounts. Since its founding, 3iQ’s milestones and accomplishments have included:\n\n\n\n2017: Becoming the first regulated Digital Asset Investment Fund Manager in Canada\n\n\n\n2018: Launch of the Global Cryptoasset Fund, one of the first funds offering a diversified portfolio of multiple crypto assets\n\n\n\n2020: Launch of North America's first major exchange-listed Bitcoin and Ether Funds on the Toronto Stock Exchange (TSX)\n\n\n\n2023: Launch of QMAP, the first digital assets managed account platform, a hedge fund investment solution offering innovative risk managed investment solutions to gain exposure to digital assets\n\n\n\n2023: Introduction of the world's first Ethereum staking ETF and North America's first Ether staking ETP, ...