Annual report pursuant to Section 13 and 15(d)

STOCKHOLDER'S EQUITY (Tables)

v3.19.2
STOCKHOLDER'S EQUITY (Tables)
12 Months Ended
Jun. 30, 2019
STOCKHOLDERS' EQUITY (DEFICIT)  
Summary Of The Liquidation Preference and Conversion Terms

The conversion terms for all shares of Series AA Preferred Stock that converted to Common Stock on April 24, 2019, are as follows (in thousands, except share and per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

 

Conversion Value

 

Common Stock Conversion

Holder

    

of Shares

    

Per Share

    

Amount

    

Price

    

Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New Investors

 

2,500,000

 

$

10.00

 

$

25,000

 

$

0.22

 

113,637

Fiscal 2018 Note holders

 

767,519

 

 

10.00

 

 

7,675

 

 

0.22

 

34,887

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

3,267,519

 

 

  

 

$

32,675

 

 

  

 

148,524