Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 387

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 387
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 2023 and 2022, is classified as Level 1 due to the use of an observable market quote in an active market under the ticker “THCPW.” As the transfer of Private Placement Warrants to anyone outside of a small group of individuals who are permitted transferees would result in the Private Placement Warrants having substantially the same terms as the Public Warrants, the Company determined that the fair value of each Private Placement Warrant is classified as Level2, due to the use of observable inputs.

F-111

THUNDER BRIDGE CAPITAL PARTNERS IV, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 9. FAIR VALUE MEASUREMENTS (cont.) The key inputs into the Monte Carlo simulation model for the Private Placement Warrants were as follows at the subsequent measurement date:

|                                                              |     | December 31, |   |     |       |   |
| Input                                                        |     |         2023 |   |     |  2022 |   |
| Risk-free interest rate                                      |     |         3.84 | % |     |  3.99 | % |
| Expected term (years)                                        |     |            5 |   |     |     5 |   |
| Expected term to consummate the Business Combination (years) |     |         0.50 |   |     |  0.55 |   |
| Expected Volatility                                          |     |         24.0 | % |     |  25.6 | % |
| Exercise Price                                               |     |        11.50 |   |     | 11.50 |   |
| Stock price                                                  |     |        10.22 |   |     |  9.95 |   |

As of December 31, 2023 and 2022, the aggregate values of the Private Placement Warrants and Public Warrants were approximately $390,000 and $927,000, respectively. The following table presents the changes in the fair value of Warrant liabilities:

|                                                  |     | Private   
 Placement |         |   |     | Public |            |   |     | Warrant     
 Liabilities |            |   |
|:-------------------------------------------------|:----|:----------|--------:|:--|:----|:-------|-----------:|:--|:----|:------------|-----------:|:--|
| Fair value as of December 31, 2021               |     | $