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CLASS B COMMON STOCK OF ECRC (Tables)
 12 Months Ended
Jun. 30, 2023
Class B Common Stock Of Ecrc  
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