Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 9

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 9
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 subsidiaries, which prior to the Business Combination was the business of Coincheck, Inc. (“Coincheck”). ii PRESENTATION OF FINANCIAL AND OTHER INFORMATION Financial Statements Coincheck Group N.V. Following the Business Combination, we qualified as a Foreign Private Issuer and prepare our financial statements in accordance with International Financial Reporting Standards (“IFRS”) Accounting Standards, as issued by the International Accounting Standards Board (“IASB”). The unaudited condensed consolidated interim financial statements of the Company as of December31, 2024 and for the three and nine months ended December 31, 2023 and 2024 have been prepared in accordance with International Accounting Standards (“IAS”) 34 “Interim Financial Reporting” as issued by IASB and in its presentation and reporting currency of Japanese yen (“¥”). Coincheck, Inc. The audited financial statements of Coincheck, Inc. as of and for the fiscal years ended March 31, 2022, 2023 and 2024 have been prepared in accordance with IFRS Accounting Standards as issued by IASB and in its presentation and reporting currency of Japanese yen. Thunder Bridge Capital Partners IV, Inc. The historical audited financial statements of Thunder Bridge Capital Partners IV, Inc. (“Thunder Bridge”) as of and for the year ended December 31, 2023 and 2022 and the unaudited condensed interim financial statements of Thunder Bridge as of and for the three and nine months ended September 30, 2024 have been prepared in accordance with the generally accepted accounting principles in the United States (“U.S. GAAP”) and in its presentation and reporting currency of U.S. dollars (“USD”). Accounting Treatment of the Business Combination The Business Combination has been accounted for as a reverse recapitalization. Under this method of accounting, Thunder Bridge has been treated as the “acquired” company for financial reporting purposes. Accordingly, the Business Combination has been treated as the equivalent of Coincheck issuing shares at the consummation of the Business Combination (the “Closing”) for the net assets of Thunder Bridge as of December 10, 2024 (the “Closing Date”), accompanied by a recapitalization. The net assets of Thunder Bridge have been stated at fair value, with no goodwill or other intangible assets recorded. This determination was primarily based on the fact that the existing Coincheck stockholders have a majority of the voting power of the Company. The Business Combination is not within the scope of IFRS 3 since there is no change in control