Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 109

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 109
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 The related nonrecurring expense incurred at Closing for this compensation was recorded via adjustment (CC). H.Reflects the cash paid to the Non -redeemingShareholder in the amount of 1,595 million yen, in accordance with the terms of the Non -redemptionAgreement, which will be terminated or expire within 90 days. The Company is still assessing the treatment of the Non -redemptionAgreement; for purposes of the pro formas, we have preliminarily accounted for the Non -redemptionAgreement as an equity transaction under IAS 32. The agreement associated with this arrangement is provided as Exhibit 10.1 of Form 8 -Kfiled by Thunder Bridge Capital Partners IV, Inc. with the SEC on December 6, 2024. 3. Adjustments and Assumptions to the Unaudited Pro Forma Condensed Combined Statement of Operations The adjustments included in the unaudited pro forma condensed combined statement of operations for the six months ended September 30, 2024 and for the year ended March 31, 2024 are as follows: AA. The historical financial statements of Coincheck have been prepared in accordance with IFRS as issued by the IASB and in its presentation and reporting currency of Japanese yen. The historical financial statements of Thunder Bridge have been prepared in accordance with U.S. GAAP and in its presentation and reporting currency of U.S. Dollars. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. However, it was determined that there were no adjustments required to convert Thunder Bridge’s historical statements of operations from U.S. GAAP to IFRS or to align Thunder Bridge’s accounting policies to those applied by Coincheck.

68 The financial statements of Thunder Bridge have been translated into Japanese yen for the purposes of presentation in the unaudited pro forma condensed combined financial statements (“As Converted”) using the following exchange rates: •The period end exchange rate as of September30, 2024 of USD 1.00 to JPY 142.7830 for the unaudited pro forma condensed combined balance sheet as of September30, 2024; •The average exchange rate for the period April1, 2024 through September30, 2024 of USD 1.00 to JPY 151.6367 for the unaudited pro forma condensed combined statement of operations for the six months ended September30, 202