|12 Months Ended|
Jun. 30, 2022
NOTE 15 — SUBSEQUENT EVENTS
July 2022 Financing
In July 2022, the company entered into amended securities purchase agreements with Handok and certain of its affiliates. Upon amendment of the securities and purchase agreement, the Company received gross proceeds of $12.3 million in exchange of the issuance of approximately 3.2 million shares of our common stock. The Company incurred approximately $0.8 million for underwriting commissions and other offering costs, resulting in net proceeds of $11.6 million.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef