Coincheck Enters Agreement to Acquire 97% Stake in 3iQ

Coincheck announced that it has entered into a stock purchase agreement with its majority shareholder, Monex Group, as seller, to acquire approximately 97% beneficial ownership of 3iQ Corp. 3iQ is based in Ontario, Canada. Pursuant to the agreement, based on an agreed value for 3iQ of $111.84M and an agreed value for Coincheck Group stock of $4.00 per ordinary share, all issued and outstanding shares beneficially owned by Monex in 3iQ's holding company, constituting approximately 97% beneficial ownership of 3iQ, are to be exchanged for 27,149,684 newly issued ordinary shares of Coincheck Group. The agreement also contemplates that between signing and closing Coincheck Group will offer the same or substantially equivalent acquisition consideration terms to 3iQ's minority shareholders, issuing to them in the aggregate up to 810,435 Coincheck Group ordinary shares, which would result in Coincheck Group beneficially owning 100% of 3iQ. Closing of the transaction, which is subject to customary undertakings and certain conditions, including regulatory approvals and confirmatory due diligence, is expected during the second calendar quarter of 2026.