Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 356

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 356
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 is classified as Level2, due to the use of observable inputs.

F-87

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               |     | $         | 111,465 |   |     | $      |  4,020,973 |   |     | $           |  4,132,469 |   |
| Change in valuation inputs and other assumptions |     |           | (82,951 | ) |     |        | (3,122,167 | ) |     |             | (3,205,118 | ) |
| Fair value as of