Schedule of warrant liability

On December 6, 2021, in connection with the IPO, the Company effectively issued 11,500,000 units of Public Warrants and 570,000 units of Private Placement Warrants to purchase shares of ALPS’s common stock at an exercise price of $5.75. The Warrants were classified as a liability in the statement of financial position in accordance with IFRS 9. As of March 31, 2026, the Public Warrants were remeasured to a fair value of USD119,600 (USD0.01 per warrant) and the Private Placement Warrants were remeasured to a fair value of USD5,928 (USD0.01 per warrant), resulting in an aggregate warrant liability of USD125,528.

The fair value of the Warrants was estimated using a binomial lattice model (incorporating the Cox-Ross-Rubenstein methodology), and was as follows:

 Schedule of fair value of the warrants

Assumptions used in the binomial lattice model take into account the contract terms as well as the quoted price of the Company’s common stock in an active market. The volatility is benchmarked and implied by the market price of the publicly traded warrants, which is further corroborated against the historical volatility of guideline public companies. The expected life is based on the remaining contractual term of the warrants, and the risk-free interest rate is based on the implied yield available on U.S. Treasury securities with a maturity equivalent to the warrants’ expected life. The level 3 fair value inputs used in the lattice models were as follows:

 Schedule of level 3 fair value inputs