Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 8

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 8
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vi PRESENTATION OF FINANCIAL AND OTHER INFORMATION Financial Statements Coincheck Group N.V. Following the Business Combination, we continue to qualify as a Foreign Private Issuer and prepared our audited consolidated financial statements, included in this prospectus, as of March31, 2025 and 2024, and for each of the years in the three -yearperiod ended March31, 2025, in accordance with International Financial Reporting Standards (“IFRS”) Accounting Standards, as issued by the International Accounting Standards Board (“IASB”). The unaudited condensed consolidated interim financial statements of the Company as of June30, 2025 and for the three months ended June30, 2025 and 2024, included in this prospectus, have been prepared in accordance with the International Accounting Standards (“IAS”)34, Interim Financial Reporting, as issued by IASB presentation. We use the Japanese yen (“¥”) as our reporting currency. Accounting Treatment of the Business Combination The Business Combination has been accounted for as a reverse recapitalization. Under this method of accounting, Thunder Bridge has been treated as the “acquired” company for financial reporting purposes. Accordingly, the Business Combination has been treated as the equivalent of Coincheck issuing shares at the consummation of the Business Combination (the “Closing”) for the net assets of Thunder Bridge as of December 10, 2024, accompanied by a recapitalization. The net assets of Thunder Bridge have been stated at fair value, with no goodwill or other intangible assets recorded. This determination was based primarily on Coincheck’s stockholders immediately before Closing owning a majority of the voting power of the Company immediately following Closing. The Business Combination is not within the scope of IFRS 3 since there was no change in control and Thunder Bridge did not meet the definition of a business in accordance with IFRS 3; as such, the Business Combination has been accounted for within the scope of IFRS 2. Any excess of fair value of Coincheck shares issued over the fair value of Thunder Bridge’s identifiable net assets acquired represents compensation for the service of a stock exchange listing for its shares and is expensed as incurred. Non-IFRS Financial Measures In addition to our results determined in accordance with IFRS, we present EBITDA and Adjusted EBITDA, non -IFRSmeasures, because we believe they are useful in evaluating our operating performance. EBITDA represents net profit (loss) for the period before