Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 138

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 138
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 whether warrantholders will exercise their Warrants, and therefore the amount of cash proceeds we would receive upon exercise, is dependent upon the trading price of the Ordinary Shares. Each Warrant will become exercisable for one Ordinary Share at an exercise price of $11.50. Therefore, if and when the trading price of the Ordinary Shares is less than $11.50, we expect that warrantholders would not exercise their Warrants. On March24, 2025, the last reported sale price of our Ordinary Shares was $6.18 per share. Cash and cash equivalents mainly consist of bank deposits. As of December 31, 2024, we had cash and cash equivalents of ¥12,673 million. As of December 31, 2024, we also had cash segregated as deposits of ¥60,648 million. In accordance with Japanese laws and regulations, from the year ended March 31, 2021, at least 100% of the legal tender deposited by customers shall be protected by trust companies. Therefore, cash deposited by customers is accounted for under different accounts depending on whether it is protected by trust companies or not. Additionally, Coincheck entered into a line of credit with Monex Finance Corporation, with aggregate commitments as of March31, 2024, and December31, 2024 of ¥6,000million and ¥6,000million, respectively. No amounts were outstanding under this arrangement as of March31, 2024 or December31, 2024, after drawing down and subsequently repaying ¥6,000 million in June of 2024. Coincheck Parent entered into its own commitment line contract of ¥2,540 million as a debtor with Monex Finance Corporation as of December 31, 2024, for the purpose of stable operating capital. As of December31, 2024, the balance outstanding under this was ¥2,526million. In addition, Coincheck entered into a loan agreement for ¥200 million with JSF Trust and Banking Co., Ltd. in June 2021, which balance was increased to ¥500 million as of December 31, 2024, and has been making short -termborrowings under this agreement several times a year, however, all of the borrowings were repaid within about a week of the making of each respective loan and are currently unused. As stated above, we believe our existing cash and cash equivalents are sufficient to meet our immediate working capital and capital expenditure needs. We hold crypto assets on