v3.26.3
Share Purchase Warrants
12 Months Ended
Jun. 30, 2026
Share Purchase Warrants  
Share Purchase Warrants
15. Share Purchase Warrants

 

During fiscal year 2026, there were 9,004,271 common shares issued related to warrants exercised.

 

During fiscal year 2025, there were 14,360,308 total warrants issued. The Company issued 3,548,426 warrants pursuant to the Private Placement (see Note 14), of which 898,426 warrants were purchased by employees of the Company, 900,000 were purchased by accredited investors, and 1,750,000 warrants were cancelled per the rescission agreement executed with certain investors in November 2024 (see Note 13). The Company also issued 8,773,586 warrants in December 2024 in connection with the securities purchase agreements (see Note 14). The Company issued 196,176 warrants under its compensation arrangements (see Note 16). In February 2025, the Company issued 1,842,120 warrants to accredited investors that had previously rescinded private placement agreements (see Note 14).

 

   Number of
Warrants
   Weighted
Average
Exercise Price
   Weighted
Average
Remaining
Contractual
Term
   Aggregate
Intrinsic
Value
 
                 
Balance, June 30, 2024   6,928,758   $12.95                                        
Granted   14,360,308    1.56           
Rescinded   (1,750,000)   1.00           
Exercised   (416,670)   1.13           
Expired   (1,742,246)   10.46           
Balance, June 30, 2025   17,380,150    5.28           
Granted   11,492,881    1.03           
Exercised   (9,474,663)   1.41           
Forfeited   (166,378)   4.80           
Expired   (50,000)   1.00           
Balance, June 30, 2026   19,181,990   $4.67    2.85   $- 
Exercisable, June 30, 2026   12,134,648   $6.69    3.03   $-