Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 297

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 297
---
 -termmaturity approximates their fair value. The fair value of instruments with long -termmaturity is measured using future cash flows discounted by a rate reflecting the counterparty or the Company’s credibility, which is a reasonable approximation of the carrying amount. (d)Warrant liabilities As part of Thunder Bridge’s IPO, Thunder Bridge issued private and public warrants to third -partyinvestors where each whole warrant entitled the holder to purchase oneshare of Thunder Bridge’s Class A common stock at an exercise price of USD11.5 per share. Simultaneously with the closing of the IPO, Thunder Bridge completed the private sale of warrants where each warrant allowed the holder to purchase oneshare of Thunder Bridge’s Class A common stock at USD11.5 per share. Pursuant to a warrant assumption and amendment agreement, dated as of December 10, 2024, Thunder Bridge private and public warrants were exchanged for Coincheck Parent’s private and public warrants, respectively, and subject to the same material terms. As of December 10, 2024, there were 4,730,557public warrants outstanding and 129,611private warrants outstanding. The warrants expire on the earlier of the fifth anniversary of December 10, 2024 or the date on which Coincheck Parent may call the public warrants for redemption, subject to the conditions outlined in the warrant assumption and amendment agreement. The warrants are exercisable at a price of USD11.5 per share.

7.Fair value measurement

(1)Fair value hierarchy

When measuring the fair value of an asset or a liability, the Company uses observable market data as far as possible. Fair values are categorized into different levels in the fair value hierarchy based on the inputs used in the valuation techniques as follows:

| Level 1: |     | Quoted prices without adjustments in an active market for identical assets or liabilities.                                                    |
| Level 2: |     | Inputs other than the quoted prices included within Level 1 that are observable for the assets or liabilities, either directly or indirectly. |
| Level 3: |     | Unobservable inputs for the assets or liabilities.                                                                                            |

The level of fair value hierarchy is determined by the lowest-level input that is significant to the measurement of the fair value.

F-60

COINCHECK GROUP N.V. and its subsidiaries.
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED) 7.Fair value measurement (cont.)

There were no transfers between