Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 142

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 142
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 the market that the Selling Securityholders may or intend to sell all or a significant portion of such securities, could increase the volatility of the market price of our Ordinary Shares or Warrants or result in a significant decline in the public trading price of our Ordinary Shares or Warrants. A decline in the market price of our Ordinary Shares, resulting from sale of all or substantial amounts of the Ordinary Shares or Warrants being offered in this prospectus, or the perception in the market that the Selling Securityholders may or intend to sell all or a significant portion of such securities, could adversely affect our ability to issue additional securities and our ability to raise additional capital on acceptable terms at a time that we deem appropriate or at all in the future. See “Risk Factors — Certain existing securityholders purchased securities in the Company at a price below the current trading price of such securities, and may experience a positive rate of return based on the current trading price. Future investors may not experience a similar rate of return” and “— The Ordinary Shares being registered in this prospectus represent a substantial percentage of our public float and of our outstanding Ordinary Shares, and the sale of such shares could cause the market price of our Ordinary Shares to decline significantly, even if our business is doing well.” for more details. 93

In addition, following the Business Combination, we had 4,860,148 Warrants outstanding, each exercisable at $11.50 per one Ordinary Share. Whether holders 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. On April8, 2025, the last reported sale price of our Ordinary Shares was $4.37 per share. Those Warrants may not be, or remain, in the money during the period they are exercisable and they may not be exercised prior to their maturity even if they are in the money, and as such, we may receive minimal proceeds, if any, from the exercise of Warrants. To the extent that any of the Warrants are exercised on a “cashless basis,” we will not receive any proceeds upon such exercise. As a result, we do not expect to rely on the cash exercise of Warrants to fund our operations and we do not need such proceeds in order to support working capital and capital expenditure requirements for the next twelve months. Instead, we intend to rely on the sources of cash described herein and elsewhere in this prospectus, if available on reasonable terms or at all. Our future capital requirements