Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 145

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 145
---
 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 March24, 2025, the last reported sale price of our Ordinary Shares was $6.18 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 will depend on many factors, including market acceptance of crypto assets and blockchain technology, our growth, our ability to attract and retain customers on our cryptocurrency exchanges, the continuing market acceptance of products and services, the introduction of new products and services on our cryptocurrency exchanges, expansion of sales and marketing activities, and overall economic conditions. While we believe we have sufficient liquidity and expect to have funds from operations to support our operations and meet our current business plans, we may be required to seek additional funding to the extent that current and anticipated future sources of liquidity are insufficient to fund our future business activities. We expect to monitor financial conditions and from time to time may opportunistically raise additional funds through the offer and sale of equity securities or incurrence of debt financing. Any sale of additional equity securities may result in additional dilution to