Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 283

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 283
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 |                            | (3 | ) |     |      |  (3 | ) |
| Balance, end of period       |     |                          ¥ | 36 |   |     |    ¥ | 143 |   |

F-61

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

| (In millions)                |     | For the      
 three months 
 ended        
 June 30,     
 2025         |    |   |
|:-----------------------------|:----|:-------------|---:|:--|
| Balance, beginning of period |     | ¥            | 12 |   |
| Change in fair value         |     |              | 11 |   |
| Foreign exchange impact      |     |              | (1 | ) |
|                              |     | ¥            | 22 |   |

____________ (3)Private warrant liability is valued using a Black -ScholesMerton model. The assumptions used to value the private warrant liabilities were as follows.

|                          |     | As of     
 March 31, 
 2025      |     |      |   |     | June 30, 
 2025     |     |      |   |
|:-------------------------|:----|:----------|:----|-----:|:--|:----|:---------|:----|-----:|:--|
| Exercise price           |     | USD       |     | 11.5 |   |     | USD      |     | 11.5 |   |
| Share price              |     | USD       |     |  5.1 |   |     | USD      |     |  5.5 |   |
| Volatility               |     |           |     | 35.9 | % |     |          |     | 42.5 | % |
| Expected life (in years) |     |           |     |  4.7 |   |     |          |     |  4.5 |   |
| Risk-free rate           |     |           |     | 3.95 | % |     |          |     | 3.76 | % |
| Dividend yield           |     |           |     | 0.00 | % |     |          |     | 0.