Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 389

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 389
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 Combination Agreement are consummated, (i) Coincheck equityholders will conduct a share exchange pursuant to which they will receive shares of PubCo and Coincheck will become a wholly owned subsidiary of PubCo and (ii) the Company will merge with and into a wholly -ownedsubsidiary of PubCo, with the Company continuing as the surviving corporation and a wholly owned subsidiary of PubCo, with Company stockholders and warrantholders receiving identical numbers of securities of PubCo (collectively, the “Coincheck Business Combination”). As consideration for the Coincheck Business Combination, Coincheck equityholders will receive approximately $1.25billion in PubCo securities, valued at $10.00 per ordinary share, as well as the contingent right to receive up to 50million PubCo ordinary shares as an earn out, with 25million ordinary shares to be awarded if the closing price of PubCo ordinary shares equals or exceeds $12.50 for 20 out of 30 consecutive trading days, and 25million ordinary shares to be issued if the closing price of PubCo ordinary shares equals or exceeds $15.00 for 20 out of 30 consecutive trading days.

F-112

THUNDER BRIDGE CAPITAL PARTNERS IV, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 10. BUSINESS COMBINATION (cont.) The consummation of the Coincheck Business Combination is subject to customary closing conditions, as well as a minimum cash condition of $100 million, after giving effect to any redemptions by Company stockholders, and third -partyfinancing, if any. The foregoing description of the Coincheck Business Combination Agreement is subject to and qualified in its entirety by reference to the full text of the (i) Coincheck Business Combination Agreement, a copy of which is filed with this Report, to which the accompanying financial statements and these notes form a part, and (ii) amendment to the Coincheck Business Combination Agreement, a copy of which is filed with this Report. Other than as specifically discussed, this Report does not give effect to the proposed Coincheck Business Combination. NOTE 11. INCOME TAXES As of December 31, 2023 and December 31, 2022, the Company’s net deferred tax assets are as follows:

|                                       |     |   | December 31, 
         2023 |   |     |   | December 31, 
         2022 |   |
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