Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 263

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 263
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 of subsidiaries (cont.)

(2)

Transaction Proceeds

Upon closing of the Reverse Recapitalization, the Company received net proceeds of ¥ million, including ¥ million from the trust, net of redemptions, offset by cash paid for the non-redemption and share forward agreement (the “Non-Redemption Agreement”) with Ghisallo Master Fund LP (“Ghisallo”) (see Note 27 “Equity” for further details of the non-redemption and share forward agreement) of ¥ million, and transaction costs and professional fees, paid at closing, of ¥ million.

|                                                                                                                  |     | -In millions |        |   |
| Cash-trust and cash, net of redemptions                                                                          |     | ¥            |  4,780 |   |
| Less: Ghisallo Non-Redemption Agreement                                                                          |     |              | (1,593 | ) |
| Less: transaction costs and professional fees, paid at closing                                                   |     |              | (2,982 | ) |
| Proceeds from Reverse Recapitalization, net of Non-Redemption Agreement, transaction costs and professional fees |     |              |    205 |   |
| Less: warrant liabilities                                                                                        |     |              | (1,837 | ) |
| Less: promissory note – related party                                                                            |     |              |   (128 | ) |
| Less: excise tax payable                                                                                         |     |              |   (305 | ) |
| Less: income tax payable                                                                                         |     |              |    (60 | ) |
| Less: accounts payable and accrued expenses                                                                      |     |              |    (17 | ) |
| Less: Other financial liabilities(1)                                                                             |     |              |   (189 | ) |
| Add: Listing expense                                                                                             |     |              | 13,714 |   |
| Issuance of shares in Reverse Recapitalization, net                                                              |     | ¥            | 11,383 |   |

____________

(1)

The following table displays the reconciliation of the total market capitalization attributable to Thunder Bridge stockholders and the reverse recapitalization impact to additional paid-in capital for the year ended March 31, 2025:

|                                                                                                                    |     | -In millions |        |   |
| Total market capitalization attributable to Thunder Bridge stockholders                                            |     | ¥            | 13,165 |   |
| Less: Ghisallo Non-Redemption Agreement                                                                            |     |              | (1