Advance Towards Share Subscription |
12 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Advance Towards Share Subscription [Abstract] | |
| ADVANCE TOWARDS SHARE SUBSCRIPTION |
NOTE 11: - ADVANCE TOWARDS SHARE SUBSCRIPTION
On June 14, 2026, the Company entered into an Advance Subscription Agreement, or the Advance Subscription, with Chutzpah Holdings LP, or the Purchaser, pursuant to which the Purchaser advanced $1,250 to the Company. The funds were received on June 16, 2026.
Under the Advance Subscription, the advance was intended to be applied towards the Purchaser’s participation in a future financing transaction, subject to the approval of the Board and the consummation of such financing by August 14, 2026, which date was subsequently extended by the Company’s Board to October 14, 2026. In the event that the contemplated financing transaction is not completed on or before October 14, 2026, or if all or a portion of the advance cannot be applied toward the purchase of securities in such financing, the advance amount is expected to be applied toward the purchase of securities in a subsequent financing transaction, subject to the approval of the Board and compliance with applicable corporate and regulatory requirements.
As of June 30, 2026, the advance towards share subscription in the amount of $1,250 was classified as a long term liability. |