v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (45,546) $ (37,917)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 58 66
Amortization of right-of-use assets 423 330
Gain on extinguishment of liabilities 0 (764)
Share-based compensation expense 26,410 17,426
Changes in operating assets and liabilities:    
Trade and other receivables 30 197
Prepaid and other assets (948) (111)
Trade and other payables 3,272 (2,378)
Accrued employee benefits 126 (81)
Lease liabilities (343) (356)
Net cash used in operating activities (16,518) (23,588)
Cash flows from investing activities:    
Purchase of property and equipment (105) (18)
Net cash used in investing activities (105) (18)
Cash flows from financing activities:    
Proceeds from the issuance of common stock 104,495 30,460
Proceeds from exercise of pre-funded warrants, Series 2 warrants and common warrants 748 42,344
Share and warrant issuance transaction costs (6,266) (2,319)
Net cash provided by financing activities 98,977 70,485
Effects of exchange rate changes on cash, cash equivalents, and restricted cash (125) 49
Net increase in cash, cash equivalents, and restricted cash 82,229 46,928
Cash, cash equivalents, and restricted cash, Beginning of period 97,857 50,929
Cash, cash equivalents, and restricted cash, End of period 180,086 97,857
Supplemental cash flow information:    
Initial measurement of operating lease right-of-use assets and liabilities 0 255
Re-measurement of operating lease right-of-use assets and liabilities $ 256 $ 666