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Stock Based Compensation | 9 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Stock Based Compensation | 28. Stock based compensation The share-based compensation awards issued under the Company’s 2023 Omnibus Incentive Plan to the Company’s employees, officers, directors, are all equity-classified instruments. Restricted stock units (“RSUs”) outstanding as of December 31, 2023 have service vesting conditions of one year. Compensation expenses are based on the grant-date fair value of the awards and recognized over the requisite service period using a straight-line method for stock options and a graded vesting method for RSUs. The Company has elected to account for forfeitures of employee stock awards as they occur. Share-based compensation is in the form of restricted stock units (RSUs). The fair value per RSU is calculated using the Black-Scholes option valuation model. Option value and assumption
|  | As of December 31, 2023 |
Fair value per share (as of grant date) |  | $ | 10.83 |
Exercise price |  | $ | — |
Assumptions: |  |  |
Volatility |  |  | 30.82 | %
Expected dividends |  | 0.00% |
Expected term (in years) |  |  | 1.5 |
Risk free rate |  |  | 5.24 | %
Stock option activity |  | As of December 31, 2023 |
Opening unvested units |  |  |
Granted |  |  | 9,903,480 |
Exercised |  |  | — |
Cancelled |  |  | — |
Closing unvested units |  |  | 9,903,480 |
Stock-based compensation expense related to RSUs granted to employees was $27,253,455 for three months ended December 31, 2023. As of December 31, 2023, the unrecognized compensation expense related to unvested RSUs was approximately $76,777,946 which is expected to be recognized over a weighted-average period of approximately 9 months.

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