Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 134

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 134
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     | ¥ |   4,031 |      |     | ¥                  |  776 |     | ¥ |   2,767 |   |

89 Liquidity and Capital Resources We finance our operations primarily with our cash flow from operating activities. Our fundamental principles are to build and maintain a financial base for the purpose of maintaining soundness and efficiency of operations and achieving sustainable growth. According to these principles, we plan on conducting capital investment, profit distribution, and repayment of any loans based on our operating cash flows through the development and rendering of our crypto asset exchange services. In addition, we will receive $55.9million from the exercise of the Warrants, assuming the exercise in full of all of the Warrants for cash at the current exercise price of $11.50 per share. However, whether warrantholders 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. Each Warrant will become exercisable for one Ordinary Share at an exercise price of $11.50. Therefore, if and when the trading price of the Ordinary Shares is less than $11.50, we expect that warrantholders would not exercise their Warrants. On April8, 2025, the last reported sale price of our Ordinary Shares was $4.37 per share. Cash and cash equivalents mainly consist of bank deposits. As of December 31, 2024, we had cash and cash equivalents of ¥12,673 million. As of December 31, 2024, we also had cash segregated as deposits of ¥60,648 million. In accordance with Japanese laws and regulations, from the year ended March 31, 2021, at least 100% of the legal tender deposited by customers shall be protected by trust companies. Therefore, cash deposited by customers is accounted for under different accounts depending on whether it is protected by trust companies or not. Additionally, Coincheck entered into a line of credit with Monex Finance Corporation, with aggregate commitments as of March31, 2024, and December31, 2024 of ¥6,000million and ¥6,000million, respectively. No amounts were outstanding under this arrangement as of March31, 2024 or December31, 2024, after drawing down and subsequently repaying ¥6,000 million in June of 2024. Coincheck Parent entered into its own commitment line contract of ¥2,540 million as a debtor with Mon