SUBSEQUENT EVENTS |
6 Months Ended |
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Dec. 31, 2023 | |
| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS |
NOTE 14 — SUBSEQUENT EVENTS Inducement Grant On January 23, 2024, the Company’s Board of Directors appointed Daron Evans to serve as the Company’s Chief Financial Officer. In connection with the appointment, Mr. Evans received an inducement grant (the “Inducement Grant”) pursuant to Nasdaq Listing Rule 5635(c)(4) in the form of a stock option to purchase 275,000 shares of the Company’s common stock at an exercise price of $1.02 in connection with his employment. The Inducement Grant is exercisable until January 23, 2029 and vests as follows: one-fourth on the one-year anniversary of the grant date and one thirty-sixth of the remaining options shall vest on the same day of each month thereafter until the Inducement Grant is 100% vested. |
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- References No definition available.
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- Definition 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
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