Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 343

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 343
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 customers which are measured at the fair value using a valuation technique based on the observable prices in the crypto exchange market. (d)Warrant liabilities As part of Thunder Bridge’s IPO, Thunder Bridge issued private and public warrants to third -partyinvestors where each whole warrant entitled the holder to purchase one share of Thunder Bridge’s Class A common stock at an exercise price of USD 11.50 per share. Simultaneously with the closing of the IPO, Thunder Bridge completed the private sale of warrants where each warrant allowed the holder to purchase one share of Thunder Bridge’s Class A common stock at USD 11.50 per share. In connection with the Reverse Recapitalization, and pursuant to a warrant assumption and amendment agreement, dated as of December 10, 2024, Thunder Bridge private and public warrants were exchanged for Coincheck Parent private and public warrants, respectively, and subject to the same material terms. Upon the completion of the Reverse Recapitalization, there were 4,730,537 public warrants outstanding and 129,611 private warrants outstanding. The warrants expire on the earlier of the fifth anniversary of the Reverse Recapitalization or the date on which Parent may call the public warrants for redemption (a “ Redemption Date”), and will become exercisable at a price of USD 11.50 per share on the date that such underlying Ordinary Shares are registered on an effective registration statement of Coincheck Parent. Coincheck Parent has filed a related Registration Statement on Form F -1that is pending a declaration of effectiveness by the SEC. Coincheck Parent may call the public warrants for redemption on a Redemption Date, in whole and not in part, at a price of USD 0.01 per warrant, at any time while the warrants are exercisable and upon not less than 30 days’ prior written notice of redemption to each warrant holder, upon the occurrence of either of the following events: •(i) if, and only if, the reported last sale price of the Ordinary Shares equals or exceeds USD 18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and other events set forth in the Warrant Agreement) for any 20 trading days within a 30 -daytrading period ending on the third trading business day prior to the notice of redemption to warrant holders and provided that there is an effective registration statement covering the Ordinary Shares issuable upon exercise of the public warrants, and a current prospectus relating thereto, available throughout the 30 -dayredemption period; or