Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 109

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 109
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 ultimately, as a direct, wholly owned subsidiary of Coincheck Parent. At the Merger Effective Time, the effect of the Merger was that, among others: (a) each Thunder Bridge Common Share issued and outstanding immediately prior to the Merger Effective Time was exchanged for the right to receive one Ordinary Share, and (b) without any action on the part of any holder of Thunder Bridge Warrants, each Thunder Bridge Warrant that was outstanding immediately prior to the Merger Effective Time, pursuant to and in accordance with the Warrant Agreement, automatically and irrevocably was modified to provide that such 60 Thunder Bridge Warrant no longer entitles the holder thereof to purchase the amount of Thunder Bridge Common Share(s) set forth therein and in substitution thereof such Thunder Bridge Warrant entitles the holder thereof to acquire such number of Ordinary Shares per Thunder Bridge Warrant, subject to adjustments as provided in the Warrant Agreement, that such holder was entitled to acquire pursuant to the terms and conditions of the Warrant Agreement if the Thunder Bridge Warrant was exercised prior to the Transactions. At the Closing, the Sponsor forfeited and surrendered, and Coincheck Parent repurchased for no consideration, 2,365,278 Ordinary Shares. Coincheck Parent previously planned to issue 50,000,000 Earn -OutShares (as defined in the Business Combination Agreement) to the equityholders of Coincheck; however, the parties to the Business Combination agreed that the Earn -OutShares would not be issued as part of the Business Combination. As such, the historical financial information has not been adjusted to give pro forma effect to the Earn -OutShares. Non-Redemption Agreement On December4, 2024, Coincheck Parent and Thunder Bridge entered into the Non -RedemptionAgreement with Ghisallo, pursuant to which Ghisallo agreed not to redeem (or to validly rescind any redemption requests on) an aggregate of 973,000 Thunder Bridge Public Shares (the “Non -RedemptionShares”) in connection with Thunder Bridge’s Special Meeting. In exchange for the foregoing commitments not to redeem the Non -RedemptionShares, Thunder Bridge paid Non -RedeemingShareholder an amount equal to the product of (x) the number of Non -RedemptionShares and (y) the price at which each Thunder Bridge Public Share was redeemed in connection with the special meeting (the “Redemption Price”). For 90 days following the closing of the Reverse Recapitalization (the “Maturity Date”), if Ghisallo sells