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Subsequent Events
6 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

20. SUBSEQUENT EVENTS

Monex Acquisition

On November 5, 2025, the Company entered into a definitive agreement (the "Monex Agreement") to acquire, through a wholly-owned subsidiary, all of the equity interests of Monex Deposit Company, a California limited partnership, and certain related entities. The transaction was consummated on January 2, 2026. The purchase price paid by the Company was approximately $33.0 million, consisting of $19.0 million in cash and $14.0 million in shares of the Company's common stock valued at $25.00 per share in accordance with the terms of the Monex Agreement. Of the common stock, $10.0 million was issued and delivered on the closing date and $4.0 million is withheld by the Company for a period of 24 months following the closing date for purposes of securing the indemnification obligations of the sellers. The Monex Agreement also contemplates an additional deferred purchase price of up to $20.0 million based on the achievement of specified levels of cumulative pre-tax income.

Dividend

As announced on February 5, 2026, the Company's Board of Directors has declared a quarterly cash dividend of $0.20 per share. The dividend is payable on March 4, 2026 to stockholders of record as of February 20, 2026.

Tether Investment

On February 4, 2026, the Company entered into a definitive agreement (as amended, the “Tether Securities Purchase Agreement”) with Tether Investments, S.A. de C.V. (“Tether”), whereby Tether agreed to purchase $126.4 million of the Company’s common stock and will purchase an additional $23.6 million of the Company’s common stock following receipt of clearance under the Hart-Scott-Rodino Act. The closing of the initial purchase is expected to occur shortly. The purchase price for the common stock is $44.50 per share. The shares purchased by Tether are subject to a 90-day resale restriction.

The Company also entered into an investor rights agreement, under which Tether is entitled to nominate a member to the Company’s board of directors and receives certain registration rights.

Tether will provide the Company with a gold leasing facility of no less than $100.0 million, and the parties have also agreed to negotiate certain other commercial agreements in good faith.

The Tether Securities Purchase Agreement also provides that the Company will invest $20.0 million of the proceeds of the sale in Tether’s XAUT stablecoin.