v3.26.1
Stockholders' Equity and Stock-based Compensation (Tables)
12 Months Ended
Jun. 30, 2026
Stockholders' Equity and Stock-based Compensation [Abstract]  
Schedule of Compensation Expense Allocated For the year ended June 30, 2026, the Company recorded stock-based compensation expense allocated as follows (in thousands):

 

 

 

For the
Year Ended

 

 

For the Period From
June 13, 2025
(Inception) Through

 

 

 

June 30, 2026

 

 

June 30, 2025

 

Selling, general and administrative and research and development expenses

 

$

893

 

 

$

-

 

Total

 

$

893

 

 

$

-

 

Summary of Restricted Stock Units ("RSUs") Activity

A summary of the restricted stock units ("RSUs") activity during the year ended June 30, 2026 is presented below:

 

 

 

Number of
RSUs

 

 

Weighted Average Grant
Date Price

 

RSUs June 30, 2025

 

 

-

 

 

 

-

 

Granted

 

 

1,169,558

 

 

$

6.71

 

Vested

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

RSUs undelivered June 30, 2026

 

 

1,169,558

 

 

$

6.71

 

Summary of the Warrant Activity

A summary of the warrant activity during the year ended June 30, 2026 is presented below:

 

 

 

Number of Warrants

 

Outstanding as of June 30, 2025

 

 

-

 

Issued

 

 

30,203,375

 

Exercised

 

 

(1,544,761

)

Outstanding as of June 30, 2026

 

 

28,658,614

 

Schedule of Warrants Outstanding

The following table presents information related to warrants as of June 30, 2026:

 

Exercise Price

 

 

Outstanding Number of Warrants

 

 

Weighted Average Remaining Life in Years

 

$

9.38

 

 

 

9,131,600

 

 

 

4.4

 

$

12.50

 

 

 

9,131,600

 

 

 

4.4

 

$

18.75

 

 

 

9,131,600

 

 

 

4.4

 

$

6.25

 

 

 

1,237,334

 

 

 

4.0

 

Various (> $47.00)

 

 

 

26,480

 

 

Various

 

 

 

 

 

28,658,614