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GXII TRANSACTION (Tables)
 12 Months Ended
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.