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GXII TRANSACTION (Tables) | 12 Months Ended
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Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
The following table summarizes the elements of the GXII Transaction allocated to the Consolidated Statements of Operations and Comprehensive Loss: | After the distribution of funds to GXII redeeming shareholders and prior to paying transaction costs incurred by GXII, $15,676 became available to the Company. The following table summarizes the elements of the GXII Transaction allocated to the Consolidated Statements of Operations and Comprehensive Loss:
|  | Amount |
Gross cash proceeds, net of transaction costs incurred by GXII |  | $ | 2,168 |
Less: |  |  |  |
Cash costs associated with the Transactions: |  |  |  |
Net liabilities assumed |  |  | 392 |
Yorkville Equity Facility Financing Agreement – cash costs |  |  | 1,996 |
Transaction costs expensed |  |  | 6,715 |
Non-cash costs associated with the Transactions: |  |  |  |
Private Warrants assumed at fair value |  |  | 2,987 |
Earnout Shares assumed at fair value |  |  | 13,195 |
Yorkville Equity Facility Financing Agreement – shares issued |  |  | 650 |
Total transaction related losses incurred |  | $ | 23,767 |
The number of Common Shares issued and outstanding immediately following the consummation of the Transactions were as follows: | The number of Common Shares issued and outstanding immediately following the consummation of the Transactions were as follows:
|  | Common Shares |  |  | Percentage |
Legacy NioCorp Shareholders |  |  | 28,246,621 |  |  |  | 93.90 | %
Former GXII Class A Shareholders1 |  |  | 1,753,821 |  |  |  | 5.83 | %
Other2 |  |  | 81,213 |  |  |  | 0.27 | %
Total Common Shares Outstanding Upon Completion of Transactions |  |  | 30,081,655 |  |  |  | 100 | %
| 1 | Includes 83,770 Common Shares issued to BTIG, LLC in exchange for Class A shares of GXII that it received as partial payment for advisory services.
| 2 | Represents Commitment Shares (as defined in Note 11d) issued under the Yorkville Equity Facility Financing Agreement.

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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- Definition Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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