Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 112

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 112
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 per Thunder Bridge Warrant, subject to adjustments as provided in the Warrant Agreement, that such holder was entitled to acquire pursuant to the terms and conditions of the Warrant Agreement if the Thunder Bridge Warrant was exercised prior to the Transactions. At the Closing, the Sponsor forfeited and surrendered, and Coincheck Parent repurchased for no consideration, 2,365,278 Ordinary Shares. Coincheck Parent previously planned to issue 50,000,000 Earn -OutShares (as defined in the Business Combination Agreement) to the equityholders of Coincheck; however, the parties to the Business Combination agreed that the Earn -OutShares would not be issued as part of the Business Combination. As such, the historical financial information has not been adjusted to give pro forma effect to the Earn -OutShares. Non- R edemption Agreement On December4, 2024, Coincheck Parent and Thunder Bridge entered into the Non -RedemptionAgreement with Ghisallo, pursuant to which Ghisallo agreed not to redeem (or to validly rescind any redemption requests on) an aggregate of 973,000 Thunder Bridge Public Shares (the “Non -RedemptionShares”) in connection with Thunder Bridge’s Special Meeting. In exchange for the foregoing commitments not to redeem the Non -RedemptionShares, Thunder Bridge paid Non -RedeemingShareholder an amount equal to the product of (x) the number of Non -RedemptionShares and (y) the price at which each Thunder Bridge Public Share was redeemed in connection with the special meeting (the “Redemption Price”). For 90 days following the closing of the Reverse Recapitalization (the “Maturity Date”), if Ghisallo sells any Non -RedemptionShares, Ghisallo agrees to pay to Coincheck Parent an amount equal to the Redemption Price multiplied by the number of such Non -RedemptionShares sold. Ghisallo has agreed to transfer on the Maturity Date to Coincheck Parent, at no cost to Coincheck Parent and free and clear of any liens or encumbrances, any Non -RedemptionShares still retained by it. The Company considered this transaction to be an equity transaction in accordance with IAS32, Financial Instruments: Presentation, whereas cash paid to Ghisallo was treated as an equity distribution and subsequent cash receipts as equity contributions. As of December31, 2024, the Company received ¥202million from this arrangement, which has been recorded to capital surplus in the Company’s condensed consolidated interim statement of changes in equity for the