Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 353

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 353
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 FAIR VALUE MEASUREMENTS “Fair value” is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three -tierfair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: •“Level 1”, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; •“Level 2”, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and •“Level 3”, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. The following table presents information about the Company’s liabilities that are measured at fair value on a recurring basis at December 31, 2023 and 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                                                            | Description |   | Level |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:-----------------------------------------------------------|:------------|--:|:------|:--|-------------:|:----|:--|-------------:|
| Assets:                                                    |             |   |       |   |              |     |   |              |
| Cash and marketable securities held in Trust Account(1)    |             | 1 |       | $ |   37,273,384 |     | $ |  239,770,045 |
| Liabilities:                                               |             |   |       |   |              |     |   |              |
| Public Warrants                                            |             | 1 |       | $ |