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CLASS B COMMON STOCK OF ECRC (Tables) | 12 Months Ended
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Jun. 30, 2023
Class B Common Stock Of Ecrc |
The following table discloses the primary inputs into the Monte Carlo models. | The following table discloses the primary inputs into the Monte Carlo models.
Key Valuation Input |  | Transaction Close |  | June 30, 2023
Closing Common Share price |  | $7.00 |  | $5.03
Term (expiry) |  | March 17, 2033 |  | March 17, 2033
Implied volatility of Public Warrants |  | 19.5% |  | 33.5%
Risk-free rate |  | 3.39% |  | 3.83%
The following table sets forth a summary of the changes in the fair value of the Earnout Shares liability for the year ended June 30, 2023: | The following table sets forth a summary of the changes in the fair value of the Earnout Shares liability for the year ended June 30, 2023:
|  | Amount |
Fair value as of March 17, 2023 |  | $ | 13,195 |
Change in fair value |  |  | (2,674 | )
Fair value as of June 30, 2023 |  | $ | 10,521 |

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