Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 240

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 240
---
 the public market could adversely affect prevailing market prices of the ordinary shares of the Company. Prior to the Business Combination, there had been no public market for the ordinary shares of the Company. The Company has listed its ordinary shares on Nasdaq, but there can be no assurance that a regular trading market will be maintained for the ordinary shares of the Company. Lock-up Agreements Contemporaneously with the execution and delivery of the Business Combination Agreement, and as a condition and inducement to Thunder Bridge’s willingness to enter into the Business Combination Agreement, Coincheck, Inc., the Company and the equityholders of Coincheck Inc. party thereto (for purposes of this subsection, each an “Equityholder”) executed and delivered Lock -UpAgreements, pursuant to which, among other things, each Equityholder (in his capacity as the stockholder of Coincheck, Inc.) agreed to (i) deliver a duly executed copy of the Registration Rights Agreement on the Closing Date, and (ii) the lock -uprestrictions in the Lock -UpAgreements. Each Equityholder agreed not to transfer their respective Ordinary Shares, excluding any shares acquired in the public market or pursuant to a transaction exempt from registration under the Securities Act where the issuance of stock occurs on or after the Closing, following the Closing (subject to certain exceptions), except as follows: •An aggregate of one -thirdof the Equityholder’s lock -upshares will be automatically released from the lock -up(allocated pro rata) if the closing price of the lock -upshares is greater than or equal to $15.00 for any 20 trading days within any 30 consecutive trading day period; •An aggregate of one -thirdof the Equityholder’s lock -upshares will be automatically released from the lock -up(allocated pro rata) if the last sale price of the lock -upshares is greater than or equal to $17.50 for any 20 trading days within any 30 consecutive trading day period; and •The remainder, being an aggregate of one -thirdof the Equityholder’s lock -upshares will be automatically released from the lock -up(allocated pro rata) if the last sale price of the lock -upshares is greater than or equal to $20.00 for any 20 trading days within any 30 consecutive trading day period. The Lock -UpAgreement will terminate upon the earlier to occur of (A) 8:00 am Eastern Time on December 10, 2025 and (B)