Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 252

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 252
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 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’s tax basis in the Ordinary Shares received will equal the sum of the U.S. Holder’s tax basis in the Public Warrants or Private Warrants exercised and the exercise price of the applicable warrants. It is unclear whether a U.S. Holder’s holding period for the Ordinary Shares would commence on the date of exercise of the Public Warrants or Private Warrants or the day following the date of exercise of the Public Warrants or Private Warrants, as applicable. There can be no assurance regarding which, if any, of the alternative tax characterizations and holding periods described above would be adopted by the IRS or a court of law. Accordingly, U.S. Holders should consult their tax advisors regarding the tax consequences of a cashless exercise of Public Warrants or Private Warrants. If we redeem Private Warrants for cash pursuant to the redemption provisions of the Private Warrants or if we purchase Private Warrants in an open market transaction, such redemption or purchase will generally be treated as a taxable disposition of such Private Warrants by the U.S. Holder, which will generally be subject to tax as described above under “— Taxation of Gains or Losses.” Information Reporting and Backup Withholding In general, information reporting will apply to dividends in respect of Ordinary Shares and the proceeds from the sale, exchange or other disposition of Ordinary Shares or Private Warrants that are paid to you within the United States (and in certain cases, outside the United States), unless you establish that you are an exempt recipient. A backup withholding tax may apply to such payments if you fail to provide a taxpayer identification number and a certification that you are