Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 251

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 251
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, such gain or loss will generally be capital gain or loss and will generally be long -termcapital gain or loss if you have held the Ordinary Shares or Private Warrants for more than one year. Long -termcapital gains of non -corporateU.S. Holders (including individuals) are eligible for reduced rates of taxation. The deductibility of capital losses is subject to limitations. Any gain or loss recognized by you will generally be treated as U.S. source gain or loss. Acquisition of Ordinary Shares pursuant to Public Warrants or Private Warrants Subject to the PFIC rules discussed above, a U.S. Holder will generally not recognize gain or loss upon the exercise of a Public Warrant or a Private Warrant for cash. An Ordinary Share acquired pursuant to the exercise of a Public Warrant or a Private Warrant for cash will generally have a tax basis equal to the U.S. Holder’s tax basis in the Public Warrant or Private Warrant, as applicable, increased by the amount paid to exercise the Public Warrant or Private Warrant, as applicable. 170 It is unclear whether a U.S. Holder’s holding period for the Ordinary Share will commence on the date of exercise of the Public Warrant or Private Warrant or the day following the date of exercise of the Public Warrant or Private Warrant, as applicable; in either case, the holding period will not include the period during which the U.S. Holder held the Public Warrant or Private Warrant, as applicable. If a Private Warrant is allowed to lapse unexercised, a U.S. Holder will generally recognize a capital loss equal to such holder’s tax basis in the Private Warrant. The tax consequences of a cashless exercise of a Public Warrant or a Private Warrant are not clear under current U.S. federal income tax law. A cashless exercise may be tax -free, either because the exercise is not a realization event or because the exercise is treated as a recapitalization for U.S. federal income tax purposes. In either case, a U.S. Holder’s tax basis in the Ordinary Share received will generally equal the U.S. Holder’s tax basis in the Public Warrant or Private Warrant, as applicable. If a cashless exercise is not a realization event, it is unclear whether a U.S. Holder’s holding period for the Ordinary Share received on exercise would be treated as commencing on the date of exercise of the Public Warrant or Private Warrant, as applicable, or the following day. If