Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 249

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 249
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 Public Warrant or Private Warrant, as applicable, increased by the amount paid to exercise the Public Warrant or Private Warrant, as applicable. 164 It is unclear whether a U.S. Holder’s holding period for the Ordinary Share will commence on the date of exercise of the Public Warrant or Private Warrant or the day following the date of exercise of the Public Warrant or Private Warrant, as applicable; in either case, the holding period will not include the period during which the U.S. Holder held the Public Warrant or Private Warrant, as applicable. If a Private Warrant is allowed to lapse unexercised, a U.S. Holder will generally recognize a capital loss equal to such holder’s tax basis in the Private Warrant. The tax consequences of a cashless exercise of a Public Warrant or a Private Warrant are not clear under current U.S. federal income tax law. A cashless exercise may be tax -free, either because the exercise is not a realization event or because the exercise is treated as a recapitalization for U.S. federal income tax purposes. In either case, a U.S. Holder’s tax basis in the Ordinary Share received will generally equal the U.S. Holder’s tax basis in the Public Warrant or Private Warrant, as applicable. If a cashless exercise is not a realization event, it is unclear whether a U.S. Holder’s holding period for the Ordinary Share received on exercise would be treated as commencing on the date of exercise of the Public Warrant or Private Warrant, as applicable, or the following day. If a cashless exercise is treated as a recapitalization, the holding period of the Ordinary Share received will include the holding period of the Public Warrant or Private Warrant, as applicable. It is also possible that a cashless exercise of a Public Warrant or Private Warrant could be treated as a taxable exchange in which gain or loss is recognized. In such an event, a U.S. Holder will be deemed to have surrendered Public Warrants or Private Warrants with an aggregate fair market value equal to the exercise price for the total number of Public Warrants or Private Warrants, as applicable, to be exercised. The U.S. Holder will recognize capital gain or loss in an amount equal to the difference between the fair market value of the Public Warrants or Private Warrants, as applicable, deemed surrendered and the U.S. Holder’s tax basis in the applicable warrants. In this case, a U.S. Holder