Coincheck Group To Buy 3iQ In Stock Deal, Stock Rises In Pre-Market

Group 1 - Coincheck Group N.V. announced a stock purchase agreement to acquire approximately 97 percent beneficial ownership of 3iQ Corp from its majority shareholder, Monex Group, Inc. [1] - The acquisition will involve Coincheck exchanging the 3iQ stake for about 27.15 million newly issued ordinary shares, valuing 3iQ at $111.8 million and Coincheck ordinary shares at $4.00 each [1]. - The company expects the deal to enhance its position to meet the needs of institutional and sophisticated investors, while also allowing it to spread public company costs over a larger revenue base [2]. Group 2 - The acquisition is anticipated to be accretive to Coincheck's earnings [2]. - Coincheck Group plans to offer equivalent acquisition consideration terms to 3iQ's minority shareholders [2]. - The acquisition is expected to close during the second calendar quarter of 2026 [3].