XML 85 R27.htm IDEA: XBRL DOCUMENT
v3.24.3

2023 GXII TRANSACTION (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
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 for the year ended June 30, 2023: | 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 for the year ended June 30, 2023:
|  |  | Amount |
Gross cash proceeds, net of transaction costs incurred by GXII |  | $ | 2,168 |
Less: |  |  |  |
Cash costs associated with the 2023 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 2023 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 2023 Transactions were as follows | The number of Common Shares issued and outstanding immediately following the consummation of the 2023 Transactions were as follows:
|  | Common Shares |  |  | Percentage |
Legacy NioCorp Shareholders |  |  | 28,246,621 |  |  |  | 93.90 | %
Former GXII Class A Shareholders(1) |  |  | 1,753,821 |  |  |  | 5.83 | %
Other(2) |  |  | 81,213 |  |  |  | 0.27 | %
Total Common Shares Outstanding Upon Completion of 2023 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.

X
- 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 -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
Name: | srt_ScheduleOfCondensedFinancialStatementsTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration