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Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Fair Value Disclosures [Abstract]    
Summary of liabilities measured at fair value on a recurring basis
                               
June 30, 2024   Level 1     Level 2     Level 3     Total  
Liabilities:                                
Forward Purchase Agreement put option liability   $ -     $ -     $ 10,940     $ 10,940  
Public Warrants     334       -       -       334  
Private Placement Warrants     -       -       276       276  
Total liabilities   $ 334     $ -     $ 11,216     $ 11,550  

 

March 31, 2024   Level 1     Level 2     Level 3     Total  
Liabilities:                                
Forward Purchase Agreement put option liability   $ -     $ -     $ 10,244     $ 10,244  
Public Warrants     747       -       -       747  
Private Placement Warrants     -       -       620       620  
Total liabilities   $ 747     $ -     $ 10,864     $ 11,611  
                               
March 31, 2024   Level 1     Level 2     Level 3     Total  
Liabilities:                      
Forward Purchase Agreement put option liability   $ -     $ -     $ 10,244     $ 10,244  
Public Warrants     747       -       -     747  
Private Placement Warrants     -       -       620     620  
Total liabilities   $ 747     $       $ 10,864     $ 11,611  

 

March 31, 2023   Level 1     Level 2     Level 3     Total  
Liabilities:                      
Forward Purchase Agreement put option liability   $ -     $ -     $ -     $ -  
Public Warrants     -       -       -     -  
Private Placement Warrants     -       -       -     -  
Total liabilities   $ -     $ -     $ -     $ -  
Schedule of purchase agreement
       
Expected Term (Years)     0.35  
Risk free Interest Rate     5.20 %
Volatility     45.0 %
Reference Price for one Class A ordinary share   $ 1.90  
               
    Year Ended
March 31,
 
    2024     2024  
Weighted Average Fair Value   10,244  
Expected Term (Years)     0.60       0.60  
Risk free Interest Rate     5.10 %     5.10 %
Volatility     39.0 %     39.0 %
Reference Price for one share of Class A common stock   $ 10.69       2.21  
Probability (Weight) - No Dilutive Offering Reset / With Dilutive Offering Reset due to PIPE transaction*     5 %     95 %
Fair Value of Forward Purchase Agreement Put Option Liability [in thousands]   $ 40,880       8,631  
Stock price at measurement date   $ 2.6       2.6  

 

 
*Note: The private placement announced and completed on April 8, 2024 (estimated probability of 95% as of March 31, 2024). Quoted share price of common stock of the Company when PIPE (Private Investment in Public Entity) transaction took place was $2.21 approx.
Schedule of derivative contract assumptions
       
Term (years)     4.36  
Risk-free interest rate     5.20 %
Stock price at measurement date   $ 1.90  
       
Term (years)     4.61  
Risk-free interest rate     5.10 %
Volatility     33.0 %
Stock price at measurement date   $ 2.6  
Summary of the changes in the fair value of derivative warrant liabilities
                               
    Forward
Purchase
Agreement
Put Option
Liability
    Public
Warrant
Liability
    Private
Placement
Liability
    Total  
Fair value at April 1, 2024   $ 10,244     $ 747     $ 620     $ 11,611  
Change in fair value (gain) / loss     696       (413 )     (344 )     (61 )
Fair value as of June 30, 2024   $ 10,940     $ 334     $ 276     $ 11,550  
                               
    Forward
Purchase
Agreement
Put Option
Liability
    Public
Warrant
Liability
    Private
Placement
Liability
    Total  
Fair value at April 1, 2023   $ -     $ -     $ -     $ -  
Warrants and Forward Purchase Agreement put option liability acquired as part of Business Combination as at November 6, 2023     25,009       1,513       1,256       27,778  
Change in fair value (gain) / loss     (14,765 )     (766 )     (636 )     (16,167 )
Fair value as of March 31, 2024   $ 10,244     $ 747     $ 620     $ 11,611