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CLASS B COMMON STOCK OF ECRC (Tables)
 12 Months Ended
Jun. 30, 2024
Class B Common Stock Of Ecrc  
The following table discloses the primary inputs into the Monte Carlo models.

 

Key Valuation Input  June 30,
2024		   June 30,
2023		   March 17,
2023		 
Closing Common Share price  $1.73   $5.03   $7.00 
Term (expiry)  March 17, 2033   March 17, 2033   March 17, 2033 
Implied volatility of Public Warrants  65.0%  33.5%  19.5%
Risk-free rate  4.35%  3.83%  3.39%
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, 2024:

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, 2024:

 

    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  
Change in fair value   (6,704 )
Fair value as of June 30, 2024   $ 3,817