Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 390

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 390
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|:--|:----|:--|-------------:|:--|
| Deferred tax asset:                   |     |   |              |   |     |   |              |   |
| Organizational costs/Startup expenses |     | $ |    1,189,400 |   |     | $ |      793,986 |   |
| Net operating loss carryover          |     |   |            — |   |     |   |            — |   |
| Total deferred tax asset              |     |   |    1,189,400 |   |     |   |      793,986 |   |
| Valuation allowance                   |     |   |   (1,189,400 | ) |     |   |     (793,986 | ) |
| Deferred tax asset, net of allowance  |     | $ |            — |   |     | $ |            — |   |

The income tax benefit for the years ended December 31, 2023 and 2022 consists of the following:

|                      |     |   |   Year Ended 
 December 31, 
         2023 |     |   |   Year Ended 
 December 31, 
         2022 |
|:---------------------|:----|:--|-------------:|:----|:--|-------------:|
| Federal:             |     |   |              |     |   |              |
| Current              |     | $ |    1,210,504 |     |   |      674,439 |
| State:               |     |   |              |     |   |              |
| Current              |     |   |            — |     |   |            — |
| Income tax provision |     | $ |    1,210,504 |     | $ |      674,439 |

A reconciliation of the federal income tax rate to the Company’s effective tax rate at December 31, 2022 and December 31, 2021, consists of the following:

|                                             |     | December 31, 
         2023 |    |     | December 31, 
         2022 |    |
|:--------------------------------------------|:----|-------------:|:---|:----|-------------:|:---|
| Statutory federal income tax rate           |     |        21.00 | %  |     |         21.0 | %  |
| Change in fair value of W