v3.26.3
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]    
Revenue from customers $ 0 $ 86
Operating expenses:    
Research and development (5,210) (10,747)
General and administrative (17,817) (13,128)
Total operating expenses (23,027) (23,875)
Loss from operations (23,027) (23,789)
Other income, net:    
R&D tax incentive 4,658 1,756
Foreign exchange gains/(losses) (13) (289)
Interest expense 0 (303)
Interest income 21 62
Change in fair value of convertible rights 0 299
Change in fair value of warrant liabilities (620) (21,925)
Warrant issuance costs (284) (129)
Loss on extinguishment 0 (1,472)
ELOC commitment fee 0 (1,095)
Share of earnings (loss) of joint venture (37) 0
Total other income/(expenses), net 3,725 (23,096)
Loss before income tax expense (19,302) (46,885)
Income tax expense 0 0
Net loss (19,302) (46,885)
Other comprehensive income/(loss):    
Currency translation adjustment, net of tax (452) 208
Total comprehensive loss $ (19,754) $ (46,677)
Net loss per share: Basic (in USD per share) $ (1.66) $ (40.82)
Net loss per share: diluted (in USD per share) $ (1.66) $ (40.82)
Weighted average number of shares outstanding, basic (in shares) 11,658,374 1,148,476
Weighted average number of shares outstanding, diluted (in shares) 11,658,374 1,148,476