Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 344

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 344
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 F-80

COINCHECK GROUP N.V. and its subsidiaries.
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED) 11.Financial instruments (cont.) •(ii) if, and only if, the last reported sale price of the Ordinary Shares equals or exceeds USD 10.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and other events set forth in the Warrant Agreement) for any 20 trading days within a 30 -tradingday period ending on the third business day prior to the notice of redemption to warrant holders, and provided that holders will be able to exercise their public warrants on a cashless basis prior to redemption and receive that number of Ordinary Shares to be determined by reference to a formula set out in the Warrant Agreement, and if, and only if, the last reported sale price of the Ordinary Shares equals or exceeds USD 18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and other events set forth in the Warrant Agreement) for any 20 trading days within such 30 -dayreference period, the private warrants are also concurrently redeemed at the same price and terms as the outstanding public warrants (provided that the redemption may be on a cashless basis). The private warrants are identical to the public warrants in all material respects, except that so long as the private warrants are held by TBCP IV or its permitted transferees, the private warrants (and the Ordinary Shares issuable upon exercise of these warrants) may not be transferred, assigned or sold until March 10, 2025, subject to certain limited exceptions. Additionally, the private warrants may be exercised by the holders on a cashless basis and will not be redeemable (subject to certain limited exceptions), so long as they are held by TBCP IV or its permitted transferees. If the private warrants are held by someone other than TBCP IV or its permitted transferees, such warrants will be redeemable and exercisable by such holders on the same basis as the public warrants. The private warrants are valued using a Monte Carlo simulation. The assumptions used to value the private warrant liabilities during the period were as follows:

|                          |     | Initial value 
  December 10, 
          2024 |   |     |    December 31, 
            2024 |   |
|:-------------------------|:----|