Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 89

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 89
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 established, could adversely affect our public disclosures regarding our business, financial condition or results of operations. In addition, management’s assessment of internal control over financial reporting may identify weaknesses and conditions that need to be addressed in our internal control over financial reporting, or other matters that may raise concerns for investors. Any actual or perceived weaknesses and conditions that need to be addressed in our internal control over financial reporting, or disclosure of management’s assessment of our internal control over financial reporting, may have an adverse impact on the price of our Ordinary Shares. Our failure to timely and effectively implement controls and procedures required by Section 404(a) of the Sarbanes-Oxley Act could have a material adverse effect on our business, operating results and financial condition. We will be required to comply with the management certification requirements of the Sarbanes -OxleyAct of 2002 in our annual report on Form 20 -Ffor our first annual report that is filed with the SEC (subject to any change in applicable SEC rules). Subject to available exceptions, we will be required to comply with Section 404 of the Sarbanes -OxleyAct of 2002 (including management’s internal controls report and an auditor attestation report thereto) in our annual reports on Form 20 -F(subject to any change in applicable SEC rules). The standards required for a public company under Section 404(a) of the Sarbanes -OxleyAct are significantly more stringent than those required of Coincheck, Inc. as a privately -heldcompany. For example, Section 404 of the Sarbanes -OxleyAct requires, among other things, that we maintain effective internal control over financial reporting and disclosure controls and procedures. Accordingly, we will be required to perform system and process evaluations and testing of internal controls over financial reporting to allow management to report annually on the effectiveness of internal control over financial reporting. This assessment requires disclosure of any material weaknesses in our internal control over financial reporting identified by management. In connection with the preparation of its consolidated financial statements for the year ended March 31, 2023, Coincheck, Inc. identified a material error and therefore restated its financial statements for the years ended March 31, 2021 and 2022 related to the accounting for marketplace transaction revenue recognition. As a result of this material error, Coincheck, Inc.’s management has concluded that a material weakness exists, which remains unremediated, and therefore its internal control over financial reporting was not effective as of March 31