Stockholders' Equity (Tables)

9 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of Reserved Shares Stock on Converted Basis

We had reserved shares of stock, on an as-if converted basis, for issuance as follows:

	March 31, 2022		June 30, 2021
Warrants		26,000,000		26,000,000
Earnout shares		5,726,864		5,726,864
Total		31,726,864		31,726,864

Schedule of Share-Based Compensation Expense

The following table provides total share-based compensation expense by award type:

	Three Months Ended				Nine Months Ended
(in thousands)	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Stock option awards	$	828	$	-	$	828	$	-
Restricted stock units		1,115		-		1,115		-
Total share-based compensation	$	1,943	$	-	$	1,943	$	-

Summary of Stock Options Activity

The following table presents a summary of stock option activity under the 2021 Plan:

	Stock Options			Weighted-Average Exercise Price		Aggregate Intrinsic Value
Outstanding at June 30, 2021		-			-		-
Granted		2,675,651			10.50		-
Exercised		-			-		-
Canceled and forfeited		(25,600	)		10.50		-
Outstanding at March 31, 2022		2,650,051			10.50		-

Summary of Restricted Stock Units Activity

The following table presents a summary of restricted stock units activity for the periods presented:

	Restricted Stock Units		Weighted-Average Grant Date Fair Value
Outstanding at June 30, 2021		-		-
Granted		1,398,526		8.22
Issued		-		-
Canceled and forfeited		-		-
Outstanding at March 31, 2022		1,398,526		8.22

Summary of Changes in Treasury Stock

The table below summarizes the changes in treasury stock:

	Three Months Ended		Nine Months Ended
	March 31, 2022		March 31, 2021
Treasury stock:
Balance at December 31, 2021		-		-
Repurchases of common stock		313,539		313,539
Balance at March 31, 2022		313,539		313,539