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Financial instruments (Tables)
3 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

The following table represents the fair value hierarchy for the Company’s financial instruments measured at fair value on a recurring basis as of June 30, 2024:

 

 

 

 

June 30, 2024

 

 

 

 

Fair Value Measured using

 

Particulars

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Derivative warrant liabilities

 

 

 

 

3,178,756

 

 

 

-

 

 

 

-

 

 

 

3,178,756

 

 Convertible debentures

 

 

 

 

-

 

 

 

-

 

 

 

1,252,554

 

 

 

1,252,554

 

 

 

 

 

3,178,756

 

 

 

-

 

 

 

1,252,554

 

 

 

4,431,310

 

 

 

 

 

June 30, 2024

 

 

 

 

Fair Value Measured using

 

 Particulars

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Forward purchase agreement

 

 

 

 

 

 

 

-

 

 

 

8,103,806

 

 

 

8,103,806

 

 

 

 

 

 

-

 

 

 

-

 

 

 

8,103,806

 

 

 

8,103,806

 

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the Company’s Level 3 financial instruments measured and recorded at fair value on a recurring basis as of June 30, 2024:

 

 

 

 

Financial asset

 

 

Financial liability

 

 

 

Forward purchase agreement

 

 

Convertible debentures

 

 Initial measurement

 

 

 

 

28,784,993

 

 

 

1,374,481

 

 Change in fair value

 

 

 

 

(20,681,187

)

 

 

(121,927

)

 Balance as of June 30, 2024

 

 

 

 

8,103,806

 

 

 

1,252,554