v3.26.3
Share-based Compensation (Tables)
12 Months Ended
Jun. 30, 2026
Share-Based Compensation Expense for Stock Awards

Total share-based compensation expense for all stock awards consists of the following, in thousands:

 

 

For the Fiscal Year Ended June 30,

 

 

 

2026

 

 

2025

 

Research and development

 

$

3

 

 

$

(128

)

General and administrative

 

 

1,285

 

 

 

(16

)

Total share-based compensation

 

$

1,288

 

 

$

(144

)

Summary of Stock Option Activity and Related Data

A summary of our stock option activity and related data follows:

 

 

Number of
Options

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining Contractual
Term (in years)

 

 

Aggregate
Intrinsic Value

 

Outstanding at June 30, 2025

 

 

869,148

 

 

$

32.90

 

 

 

 

 

 

 

Granted

 

 

1,155,250

 

 

$

2.08

 

 

 

 

 

 

 

Forfeited

 

 

(293,313

)

 

$

30.14

 

 

 

 

 

 

 

Outstanding at June 30, 2026

 

 

1,731,085

 

 

$

12.80

 

 

 

7.0

 

 

$

—

 

Vested and expected to vest at June 30, 2026

 

 

1,731,085

 

 

$

12.80

 

 

 

7.0

 

 

$

—

 

Fair Value of Stock Options Weighted-Average Assumptions Used following weighted-average assumptions were used to calculate these fair values:

Risk-free interest rate

 

 

3.7

%

Expected life (years)

 

 

4.7

 

Volatility

 

 

91.4

%

Dividend yield

 

 

—

 %