Class B Common Stock of ECRC (Tables)

9 Months Ended

Mar. 31, 2026

Class B Common Stock Of Ecrc

The Earnout Shares were Valued Utilizing a Monte Carlo Simulation Pricing Model with the Following Primary Inputs:

The Earnout Shares were valued utilizing a Monte Carlo Simulation pricing model with the following primary inputs:


		March 31, 2026				June 30, 2025
Closing Common Share price		$	4.46			$	2.33
Term (expiry)		March 17, 2033				March 17, 2033
Implied volatility of our publicly traded Warrants			88.0	%			75.0	%
Risk-free rate			4.11	%			4.04	%

The Following Table Sets Forth a Summary of the Changes in the Fair Value of the Earnout Shares Liability for the Nine-Month Period Ended March 31, 2026:

The following table sets forth a summary of the changes in the fair value of the Earnout Shares liability for the nine-month period ended March 31, 2026:


		Amount
Fair value as of June 30, 2025		$	5,880
Change in fair value			7,628
Fair value as of March 31, 2026		$	13,508