Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 345

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 345
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--------------:|:--|:----|----------------:|:--|
| Exercise price           |     | USD     11.50 |   |     | USD       11.50 |   |
| Share price              |     |         12.24 |   |     |            8.89 |   |
| Volatility               |     |          1.00 | % |     |           29.10 | % |
| Expected life (in years) |     |          5.00 |   |     |            4.94 |   |
| Risk-free rate           |     |          4.09 | % |     |            4.38 | % |
| Dividend yield           |     |             — |   |     |               — |   |

The carrying value of the warrant liabilities as of December 31, 2024, is as follows:

|                                        |     | (Millions of yen) 
 December 31, 2024 |   |     |        |   |     |       |   |
|:---------------------------------------|:----|------------------:|:--|:----|-------:|:--|:----|------:|:--|
|                                        |     |           Private |   |     | Public |   |     | Total |   |
| Initial recognition, December 10, 2024 |     |                56 |   |     |  1,781 |   |     | 1,837 |   |
| Change in fair value                   |     |               (15 | ) |     |   (447 | ) |     |  (462 | ) |
| Foreign exchange impact                |     |                 2 |   |     |     53 |   |     |    55 |   |
| As of December 31, 2024                |     |                43 |   |     |  1,387 |   |     | 1,430 |   |

F-81

COINCHECK GROUP N.V. and its subsidiaries.
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED) 12.Fair value measurement When measuring the fair value of an asset or a liability, the Group 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: