Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 114

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 114
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64 NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION 1. Basis of Presentation The pro forma adjustments have been prepared as if the Business Combination had been consummated on April1, 2023. The unaudited pro forma condensed combined financial information has been prepared assuming the following methods of accounting in accordance with IFRS as issued by the IASB. The Business Combination has been accounted for as a reverse recapitalization. Under this method of accounting, Thunder Bridge is 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 Closing of the Business Combination for the net assets of Thunder Bridge as of the Closing Date, 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 primarily based on the former equityholders of Coincheck having a majority of the voting power of Coincheck Parent under the minimum and maximum redemption scenarios. The Business Combination is not within the scope of IFRS 3 since there is no change in control based on the continued control of Coincheck Parent by existing Coincheck stockholders and Thunder Bridge does not meet the definition of a business in accordance with IFRS 3; as such, the Business Combination is 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. The pro forma adjustments represent management’s estimates based on information available as of the date of these unaudited pro forma condensed combined financial statements and are subject to change as additional information becomes available and additional analyses are performed. Management considers this basis of presentation to be reasonable under the circumstances. 2 . Adjustments and Assumptions to the Unaudited Pro Forma Condensed Combined Statement of Profit or Loss and Other Comprehensive Income The adjustments included in the unaudited pro forma condensed combined statement of profit or loss and other comprehensive income for the nine months ended December 31, 2024 and for the year ended March 31, 2024 are as follows: AA. The historical financial statements of Coincheck have been prepared in accordance