Subsequent Events

12 Months Ended

Jun. 30, 2018

Subsequent Events

Subsequent Events

NOTE 15 – Subsequent Events

On July 17, 2018, the Company’s Board of Directors approved a plan to explore hiring a third party to help market and sell 3DMT.  On July 25, 2018, the Company entered into an agreement with a third party to market 3DMT for sale.  The Company is currently assessing what a reasonable estimated sale price would be for the sale of 3DMT. 

On August 28, 2018, R. Brian Knaley, the Chief Financial Officer of ARC Group Worldwide, Inc. (the “Company”), advised the Company’s Board of Directors that he will resign from his position with the Company effective on the earlier of: (i) the first business day following the filing of the Company’s annual report on Form 10-K for the fiscal year ended June 30, 2018; or (ii) September 20, 2018 (the “Effective Date”).

The Board of Directors has accepted Mr. Knaley’s prospective resignation and appointed Mr. Aaron Willman to serve as Chief Financial Offcer of the Company, to be effective on the Effective Date.

The Company evaluated subsequent events through September 28, 2018, the date the financial statements were available to be issued.