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Subsequent Events
6 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 - SUBSEQUENT EVENTS

 

From January 1st through March 16, 2020, 480,361 warrants with an average exercise price of $6.30 were exercised, for net proceeds of $3,028,414.

 

In February 2020, 2,434 options were exercised at an exercise price of $30.00, for net proceeds of $73,020.

 

In January 2020, Maged Shenouda retired from the Board of Directors and was appointed to be the Chief Financial Officer of Relmada.

 

In January 2020, Charles Ence was appointed to be the Chief Accounting and Compliance Officer of Relmada and his pre-existing consulting contract was terminated.

 

In March 2020, the company hired three individuals and granted 600,000 options pursuant to the employee stock option plan, which vest over 4 years and have a range of exercise price from $28.00 to $45.61.

 

The Company's lease agreement at 880 Third Avenue expired on December 31, 2019 and has been renewed for calendar year 2020. Included in this lease is additional office space on the 10th floor along with the existing space on the 5th floor for a total monthly cost of $13,610.