v3.26.3
Stockholders’ Equity
 12 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders’ Equity
Note 10 – Stockholders’ Equity

Movement in Common Stock

(in thousands, except share numbers and per share amounts)Tamboran Common StockDetailsAmount
Balance at July 1, 202516,717,289 $450,437 
Issuance of common stock:
- as termination payment50,000 $988 
- as prepayment of Facility Fee112,740 2,188
- against vested equity awards127,500 3,202
- under share purchase plan537,794 11,255
- pursuant to Subscription Agreement940,729 10,966
- as consideration for Falcon Acquisition6,537,503 224,498
Other stock issuances9,849,108 285,954
Total539,051
Less: Transaction costs$(17,912)521,139
Balance at June 30, 202634,872,663 $971,576 
Holders of common stock of the Company are entitled to participate in any dividends declared and any proceeds attributable to common stockholders should the Company be wound up, in proportions that consider both the number of shares held and the extent to which those common stock are paid up. Holders of shares of the Company’s common stock are entitled to one vote for each share of record on all matters on which stockholders are entitled to vote generally. The holders of the CDIs are the beneficial owners of, and generally have the same voting, economic and other rights as holders of our common stock, although they are required to exercise those rights indirectly through a depositary who holds shares of common stock.
No dividends have been declared or paid by the Company through June 30, 2026 and 2025.
July 2025 Issuance of Common Stock Pursuant to Subscription Agreement
On July 23, 2025, the Company issued 940,729 shares of common stock pursuant to subscription agreements entered into on May 12, 2025, for $17.74 per share. Total proceeds from this issuance was $16.7 million out of which $5.7 million was received in May 2025. The Company incurred $1.4 million in transaction expenses related to this issuance, out of which $0.4 million was incurred and recognized during the fiscal year ended June 30, 2025.
July 2025 Issuance of Common Stock as Prepayment of Facility Fee
On July 23, 2025, the Company issued 112,740 shares of Common Stock at a price of $19.41 per share to Macquarie Bank Limited as prepayment of facility fees that will become due under the Performance Bond Facility Agreement between Tamboran (West) Pty Limited, as borrower, Tamboran Resources Pty Ltd., as guarantor, and Macquarie Bank Limited, as lender, dated December 19, 2024.
September 2025 Issuance of Common Stock as Termination Payment
On July 28, 2025, the employment of Joel Riddle, the former Chief Executive Officer (“CEO”) and board member of the Company, was terminated and consequently Mr. Riddle resigned from the board of directors (the “Board”). The Company issued 50,000 shares of common stock at a price of $19.75 per share to Mr. Riddle as a part of his termination payment package.
October 2025 Issuance of Common Stock under Public Offering
On October 27, 2025, the Company issued 2,673,111 shares of common stock for $21.00 per share under a public offering. Total proceeds from the issuance was $56.1 million. The Company incurred $3.9 million in transaction expenses related to this issuance.
November 2025 Share Purchase Plan
On November 24, 2025, the Company issued 107,558,800 CDIs at a price of A$0.162 per CDI, the equivalent of 537,794 shares of common stock at a price of $20.93 per share, pursuant to the Share Purchase Plan opened by the Company on October 30, 2025. Total proceeds from the Share Purchase Plan was $11.3 million (A$17.4 million).
December 2025 Issuance of Common Stock Against Vested Equity Awards
On December 4, 2025, the Company issued 7,700,000 CDIs at a price of $0.109 per CDI, the equivalent of 38,500 shares of common stock at a price of $21.73 per share upon the conversion of RSUs granted to certain eligible employees of the Group.
On December 9, 2025, the Company issued 7,650 shares of common stock at a price of $21.73 per share upon conversion of RSUs granted to certain eligible employees of the Group.
On December 12, 2025, the Company issued 2,309 shares of common stock at a price of $20.99 per share and 5,002 shares of common stock at a price of $19.99 per share upon conversion of RSUs granted to a member of the Board.
On December 15, 2025, the Company issued 30,012 shares of common stock at a price of $19.99 per share upon conversion of RSUs granted to eligible directors, approved June 17, 2024.
January 2026 Issuance of Common Stock under Subscription Agreements
In October 2025, the Company entered into a subscription agreement (the “PIPE”) with certain investors, including Mr. Bryan Sheffield, Mr. Scott Sheffield and other directors and certain of our employees and officers (the “PIPE Investors”). The PIPE entered into between the Company and the PIPE investors closed on January 16, 2026 upon issuance of 1,524,377 shares of common stock for $21.00 per share by the Company.
February 2026 Issuance of Common Stock Against Vested Equity Awards
On February 5, 2026, the Company issued 2,505 shares of common stock at a price of $20.99 per share upon conversion of RSUs granted to a member of the Board.
On February 24, 2026, the Company issued 25,271 shares of common stock at a price of $25.74 per share upon conversion of fully vested RSUs granted to Mr. Richard Stoneburner, Chairman of the Board, as compensation for his services rendered in the capacity of the Interim Chief Executive Officer (“CEO”) before the appointment Mr. Todd Abbott as the Group's new CEO.
April 2026 Issuance of Common Stock under Public Offering
In April 2026, the Company completed (i) an underwritten public offering of 3,400,093 shares of common stock at a price to the public of $35.00 per share, inclusive of the underwriters’ exercise of their overallotment option, for total gross proceeds of approximately $119.0 million, (ii) a registered direct institutional entitlement offer of 1,013,110 shares of common stock, also at a price of $35.00 per share, for eligible holders of common stock approximately $35.4 million in gross proceeds and (iii) an accelerated non-renounceable institutional entitlement offer, issuing 148,308,400 CDIs
underpinned by 741,542 shares of common stock to eligible securityholders outside the United States for total gross proceeds of approximately A$37.1 million ($26.0 million).
May 2026 Issuance of Common Stock under Retail Entitlement Offering and in Connection with the Falcon Acquisition
On May 1, 2026, the Company settled its retail entitlement offer, issuing 99,375,000 CDIs underpinned by 496,875 shares of common stock to eligible retail securityholders outside the United States, for total gross proceeds of approximately A$24.8 million ($17.4 million).
On May 28, 2026, the Company issued 6,537,503 shares of its common stock at a price of $34.34 per share as a part of consideration for Falcon Acquisition. Refer to Note 3 for further details.
June 2026 Issuance of Common Stock Against Vested Equity Awards
On June 4, 2026, the Company issued 9,584 shares of common stock at a price of $62.93 per share in connection with the exercise of milestone options granted to certain employees of the Group.

On June 25, 2026, the Company issued 6,667 shares of common stock at a price of $21.73 per share upon conversion of RSUs granted to certain eligible employees of the Group.