The following tables present information about the assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2026, and June 30, 2025, respectively, and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical instruments. Fair values determined by Level 2 inputs utilize data points that

are observable, such as quoted prices, interest rates, and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the financial instrument and include situations where there is little, if any, market activity for the instrument.


	As of March 31, 2026
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	419,196	$	419,196	$	—	$	—
Investment in equity securities		3		3		—		—
Total	$	419,199	$	419,199	$	—	$	—
Liabilities:
Earnout shares liability	$	13,508	$	—	$	—	$	13,508
Warrant liabilities		11,472		—		11,472		—
Total	$	24,980	$	—	$	11,472	$	13,508


	As of June 30, 2025
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	25,554	$	25,554	$	—	$	—
Investment in equity securities		3		3		—		—
Total	$	25,557	$	25,557	$	—	$	—
Liabilities:
Earnout shares liability	$	5,880	$	—	$	—	$	5,880
Warrant liabilities		6,852		—		6,852		—
Total	$	12,732	$	—	$	6,852	$	5,880