SHAREHOLDERS' EQUITY - Exchange Agreement (Details) - USD ($) |
9 Months Ended | ||
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May 13, 2024 |
Mar. 08, 2024 |
Mar. 31, 2024 |
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Cash payment to exchanging shareholders | $ 3,000 | ||
Securities exchange agreement | |||
Purchased shares of common stock | 3,000,000 | ||
Outstanding shares percentage | 7.00% | ||
Fair value of shares | $ 5,700,000 | ||
Cash payment to exchanging shareholders | $ 3,000 | ||
Exchange Pre-Funded Warrants | Securities exchange agreement | |||
Outstanding shares percentage | 7.00% | ||
Estimated fair value of warrants | $ 5,697,000 | ||
Warrants to purchase shares of common stock | 3,000,000 | ||
Warrants exercise price | $ 0.001 | ||
Change in fair value of derivative liability | $ 2,900,000 | ||
Warrant derivative liability | $ 8,500,000 | $ 5,700,000 | |
Exchange Pre-Funded Warrants | Maximum | Securities exchange agreement | |||
Warrants exercisable, ownership blocker percentage | 19.99% |
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- Definition The amount of change in fair value of warrant derivative liability. No definition available.
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- Definition The percentage of stock acquired to the total of outstanding shares. No definition available.
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- Definition Fair value as of the balance sheet date of the warrants derivative classified as a liability. No definition available.
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- Definition Represents the designated ownership percentage by holder not exceeding the specified percentage for exercise of warrants. No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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