XML 42 R32.htm IDEA: XBRL DOCUMENT v3.25.1
Convertible Note (Tables)
6 Months Ended
Dec. 31, 2024
Convertible Note [Line Items]  
Schedule of Fixed Conversion Prices

The holder of the Notes shall have the right, at such holder’s sole discretion, to convert all or any portion of the convertible notes into Class A ordinary shares at anytime after September 23, 2024 at following fixed conversion prices.

 

   Conversion Price 
   US$ 
First Closing of First Tranche   4.71 
Second Closing of First Tranche   4.47 
Third Closing of First Tranche   3.25 
Schedule of Fair Value Measurements Inputs The following table provides quantitative information regarding Level 3 fair value measurements inputs for the Company’s warrants at their measurement dates:
    First Closing      Second Closing      Third Closing  
Issuance Date   On September 24,
2024
    On October 7,
2024
    On December 12,
2024
 
Risk-free rate     3.62 %     4.00 %     4.37 %
Estimated volatility rate     43.79 %     43.88 %     44.39 %
Dividend yield     0 %     0 %     0 %
Spot price of underling ordinary share     3.87       3.86       2.53  
Exercise price     4.71       4.47       3.25  
Fair value of Purchase Warrant in USD     106,000       120,000       149,000  

 

Balance sheet date  On December 31, 2024 
  First
Closing
   Second
Closing
   Third
Closing
 
Risk-free rate   4.56%   4.57%   4.58%
Estimated volatility rate   42.38%   42.61%   44.78%
Dividend yield   0%   0%   0%
Spot price of underling ordinary share   1.57    1.57    1.57 
Exercise price   2.81    2.81    2.81 
Fair value of Purchase Warrant in USD   51,000    48,000    80,000 
Convertible Note [Member]  
Convertible Note [Line Items]  
Schedule of Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 3 fair value measurements inputs for the Company’s derivate liabilities at their measurement dates:

 

   First Closing   Second Closing   Third Closing 
Issuance Date  On September 24,
2024
   On October 7,
2024
   On December 12,
2024
 
Risk-free rate   3.86%~ 4.02%   4.28%~ 4.41%   4.34%~ 4.35%
Estimated volatility rate   37.57%~ 42.09%   38.86%~ 45.27%   38.52%~ 43.00%
Dividend yield   0%   0%   0%
Bond yield   8.32%   8.62%   8.66%

 

  

First

Closing

  

First

Closing

  

Second

Closing

  

Second

Closing

  

Second

Closing

  

Third

Closing

 

Extinguishment date or Balance sheet date

  On
November 22,
2024
   On
December 6,
2024
   On
December 6,
2024
   On
December 23,
2024
   On
December 31,
2024
   On
December 31,
2024
 
Risk-free rate   4.53%   

4.32%~4.42

%   4.41%   

4.39%~4.41

%   

4.33%~4.41

%   

4.30%~4.32

%
Estimated volatility rate   37.60%   

38.04%~43.99

%   

39.17%~48.45

%   

44.96%~49.86

%   

42.25%~45.65

%   

41.23%~49.31

%
Dividend yield   0%   0%   0%   0%   0%   0%
Bond yield   8.32%   8.64%   8.64%   8.81%   8.75%   8.75%