Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 104

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 104
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 of PubCo. At the Merger Effective Time, the effect of the Merger was that, among others: (a) each Thunder Bridge Common Share issued and outstanding immediately prior to the Merger Effective Time was exchanged for the right to receive one PubCo Ordinary Share, and (b) without any action on the part of any holder of Thunder Bridge Warrants, each Thunder Bridge Warrant that was outstanding immediately prior to the Merger Effective Time, 59 pursuant to and in accordance with the Warrant Agreement, automatically and irrevocably was modified to provide that such Thunder Bridge Warrant no longer entitles the holder thereof to purchase the amount of Thunder Bridge Common Share(s) set forth therein and in substitution thereof such Thunder Bridge Warrant entitles the holder thereof to acquire such number of PubCo Ordinary Shares 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 PubCo repurchased for no consideration, 2,365,278 PubCo Ordinary Shares. PubCo previously planned to issue 50,000,000 Earn -OutShares to the equityholders of the Company; however, the parties to the Business Combination have agreed that the Earn -OutShares will no longer 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-redemption Agreement Prior to the closing of Business Combination, the Company entered into a non -redemptionagreement (the “Non -redemptionAgreement”) with an existing shareholder (the “Non -redeemingShareholder”). As of Closing and pursuant to the terms of the agreement, the Non -redeemingShareholder beneficially owns and is entitled to dispose of 973,000shares of common stock, having waived their redemption rights related to such shares. The Company further released 1,595 million yen to the Non -redeemingShareholder, which will be held in trust by the Non -redeemingShareholder and which was calculated as the Redemption Price multiplied by the number of shares. This amount will be paid to the Company, on a pro rata basis, to the extent the Non -redeemingShareholder sells such shares to a third party within ninety days of Closing, subject to certain restrictions as set forth in the Non -redemption