Coincheck Group N.V. Enters into PIPE Transaction with KDDI Corp.
Simpson Thacher represented Coincheck Group N.V. in connection with its entry into a share subscription agreement with KDDI Corporation (“KDDI”) pursuant to which KDDI agreed to subscribe for newly issued ordinary shares of Coincheck representing approximately 14.9% of Coincheck’s outstanding ordinary shares at a price of $2.28 per share, or approximately $65 million in aggregate purchase price. The transaction is expected to close in June 2026.
Coincheck Group N.V. is a digital asset exchange group headquartered in the Netherlands. Its subsidiary, Coincheck, Inc., operates one of Japan’s leading cryptocurrency exchanges. KDDI Corporation is one of Japan’s largest telecommunications companies, providing mobile and fixed-line communications services.
The Simpson Thacher team included Mark Brod and Jieun Lim (Capital Markets); Arielle Katzman (Public Company Advisory Practice); Benjamin Rippeon (Tax); Tristan Brown (Executive Compensation and Employee Benefits); Steven R. DeLott (Insurance); and Corina Holland (IP).