v3.26.3
Class B Common Stock of ECRC (Tables)
12 Months Ended
Jun. 30, 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 an expiry date of March 17, 2033. The following table discloses the primary inputs into the Monte Carlo models:

 

Key Valuation Input

 

June 30,
2026

 

June 30,
2025

 

June 30,
2024

Closing Common Share price

 

$4.82

 

$2.33

 

$1.73

Term (expiry)

 

March 17, 2033

 

March 17, 2033

 

March 17, 2033

Implied volatility of the 2023 Public Warrants

 

84.0%

 

75.0%

 

65.0%

Risk-free rate

 

4.28%

 

4.04%

 

4.35%

Summary of the Changes in the Fair Value of the Earnout Shares Liability

The following table sets forth a summary of the changes in the fair value of the Earnout Shares liability for the year ended June 30, 2026:

 

 

Amount

 

Fair value as of June 30, 2024

 

$

3,817

 

Change in fair value

 

 

2,063

 

Fair value as of June 30, 2025

 

 

5,880

 

Change in fair value

 

 

8,571

 

Fair value as of June 30, 2026

 

$

14,451