Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 51

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 51
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 the anticipation of future sales could reduce the market price of our

Ordinary Shares.

Sales of a substantial number of our Ordinary Shares in the public market, or the perception in the market

that the holders of a large number of shares intend to sell shares, could reduce the market price of our Ordinary

Shares and could impair our ability to raise capital through the sale of additional equity securities. As of March 31,

2025, we have 130,814,526 Ordinary Shares issued and outstanding.

On March 27, 2025, pursuant to rights held by certain of our securityholders, we filed a registration

statement relating to (i) the resale of up to 126,913,201 Ordinary Shares held by such holders, including up to

129,611 Ordinary Shares issuable upon the exercise of the Private Warrants, which will generally permit them to sell

such shares from time to time, subject to any applicable contractual or legal restrictions, and (ii) the issuance of up to

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4,730,537 Ordinary Shares issuable upon the exercise of the Public Warrants. The Ordinary Shares that can be

offered for resale, pursuant to the prospectus dated April 8, 2025, represents approximately 97% of our total

outstanding Ordinary Shares on a fully diluted basis (assuming and after giving effect to the issuance of Ordinary

Shares upon exercise of all outstanding Warrants). During the time that such registration statement remains

effective, the selling securityholders will be permitted (subject to compliance with the contractual lock-up

restrictions that apply to certain selling securityholders) to sell the shares registered thereby. The resale, or

anticipated or potential resale, of a substantial number of our Ordinary Shares may have a material negative impact

on the market price of our Ordinary Shares and could make it more difficult for our shareholders to sell their

Ordinary Shares at such times and at such prices they deem desirable. Additionally, even if the price of our Ordinary

Shares declines substantially, some selling securityholders may still have an incentive to sell to obtain liquidity for

themselves.

We may issue additional Ordinary Shares or other equity securities, which would dilute your ownership interests

and may depress the market price of our Ordinary Shares.

We may issue additional Ordinary Shares or other equity securities of equal or senior rank in the future in

connection with, among other things, financings, future acquisitions, repayment of outstanding indebtedness,

employee benefit plans and exercises of outstanding options, warrants and other convertible securities,