Company: CNCKW
Filing Date: 2025-03-27
Form Type: CORRESP
Source: 0001013762-25-003474
Chunk: 1

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: CORRESP
Chunk 1
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.50, you expect warrantholders will not exercise their warrants. Please place this disclosure in context by disclosing the market price of the Ordinary Shares as of the most recent practicable date. Similarly revise the prospectus summary, risk factors, MD&A and use of proceeds section.

Response:

In response to the Staff’s comment, the Company revised the disclosure on the cover page and pages 11, 43, 51, 52, 67, 90, 94 and
174 of the Revised Registration Statement.

| 3. | Comment: |

Please illustrate the risks of negative pressure on the public trading price of the Ordinary Shares posed by the potential sales of shares under this registration statement by disclosing the purchase price of the securities being offered for resale. Also disclose that private investors have an incentive to sell because they will still profit on sales because they purchased their shares at a lower price than public investors, even though the current trading price of the Ordinary Shares is below the SPAC IPO price.

Response:

In response to the Staff’s comment, the Company revised the disclosure on the cover page and pages 51 and 52 of the Revised Registration
Statement.

| 4. | Comment: |

We note that it is unlikely you will receive significant proceeds from exercises of the Warrants given the disparity between the exercise price of the Warrants and the current trading price of the Ordinary Shares. Please address in your discussion of capital resources any changes in your liquidity position since the Business Combination. If you are likely to have to seek additional capital, discuss the effect of this offering on your ability to raise additional capital.

Response:

In response to the Staff’s comment, the Company revised the disclosure on pages 90, 93 and 94 of the Revised Registration Statement.

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Please do not hesitate to call Mark Brod at (212)
455-2163 with any questions or further comments regarding the Registration Statement or if you wish to discuss any of the above responses.

| Very truly yours,                  |
| /s/ Simpson Thacher & Bartlett LLP |
| Simpson Thacher & Bartlett LLP     |

| cc: | Coincheck Group N.V. |
|     | Gary A. Simanson     |
|     | Jason Sandberg       |

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