Stock Incentive Plan (Tables)

12 Months Ended

Jun. 30, 2022

Schedule of Share-Based Compensation Expense

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

	June 30,
(in thousands)	2022		2021
Stock option awards	$	2,551	$	-
Restricted stock units		4,363		-
Total share-based compensation	$	6,914	$	-

Summary of Stock Option Activity

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

	Stock Options			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at June 30, 2020		-		$	-		-	$	-
Granted		-			-		-		-
Exercised		-			-		-		-
Forfeited or cancelled		-			-		-		-
Outstanding at June 30, 2021		-		$	-		-	$	-
Granted		3,533,627			10.50		3.22		-
Exercised		-			-		-		-
Forfeited or cancelled		(30,100	)		10.50		-		-
Outstanding at June 30, 2022		3,503,527		$	10.50		3.22	$	-

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, 2020		-	$	-
Granted		-		-
Issued		-		-
Forfeited or cancelled		-		-
Outstanding at June 30, 2021		-	$	-
Granted		1,902,068		8.14
Issued		-		-
Forfeited or cancelled		-		-
Outstanding at June 30, 2022		1,902,068	$	8.14