Fair Value (Tables)

6 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Estimate Fair Value of Private Warrants and Representative Warrants

The Company utilized the following assumptions to estimate the fair value of the Private Warrants and Representative Warrants as of December 31, 2024 and June 30, 2024.

	December 31, 2024			June 30,  2024
Stock Price	$	9.06		$	3.00
Exercise price per share	$	11.5		$	11.50
Risk-free interest rate		4.23	%		4.41	%
Expected term (years)		3.0			3.6
Expected volatility		17.1	%		36.0	%
Expected dividend yield		-			—

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The table below presents the balances of assets and liabilities measured at fair value on a recurring basis by level within the hierarchy as (in thousands):

	As of December 31, 2024
	Total		Level 1		Level 2		Level 3
Private Placement and Representative Warrants	$	2,379	$	-	$	-	$	2,379
	As of June 30, 2024
	Total		Level 1		Level 2		Level 3
Private Placement and Representative Warrants	$	247	$	—	$	—	$	247

Schedule of Change in Number and Fair Value of Private and Representative Warrants

The table below presents the change in number and fair value of the Private and Representative Warrants since June 30, 2024: (in thousands, except the number of shares)

	Private Warrants					Representative Warrants					Total
	Shares			Value		Shares			Value		Shares			Value
June 30, 2024		4,120,000		$	244		50,090		$	3		4,170,090		$	247
Exercised		-			-		-			-		-			-
Classification change from Private to Public		(762,333	)				(6,750	)				(769,083	)		-
Change in value		-		$	2,100		-		$	32		-		$	2132
December 31, 2024		3,357,667		$	2,344		43,340		$	35		3,401,007		$	2,379