Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 396

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 396
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 | 2 |       |   |        18,146 |     |   |       11,665 |
| WCL Promissory Note payable – related party(1) |             | 3 |       |   |       896,000 |     |   |      781,000 |
| 2024 Promissory Note payable – related party   |             | 3 |       |   |     1,131,529 |     |   |            — |

____________ (1)Measured at fair value on a recurring basis.

F-112

THUNDER BRIDGE CAPITAL PARTNERS IV, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
(UNAUDITED) NOTE 9. FAIR VALUE MEASUREMENTS (cont.) The Warrants are accounted for as liabilities in accordance with ASC 815 -40and are presented within Warrant liabilities on the accompanying condensed balance sheets. The Warrant liabilities are measured at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of Warrant liabilities in the accompanying unaudited condensed statements of operations. Subsequent Measurement The Warrants are measured at fair value on a recurring basis. The subsequent measurement of the Public Warrants as of September 30, 2024 and December 31, 2023, 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. The key inputs into the Monte Carlo simulation model for the Private Placement Warrants were as follows at the subsequent measurement date:

| Input                                                        |     | September 30, 
          2024 |   |
|:-------------------------------------------------------------|:----|--------------:|:--|
| Risk-free interest rate                                      |     |          3.58 | % |
| Expected term (years)                                        |     |             5 |   |
| Expected term to consummate the Business Combination (years) |     |          0.29 |   |
| Expected Volatility                                          |     |          23.4 | % |
| Exercise Price                                               |     |         11