XML 29 R17.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Capital Structure
 9 Months Ended
Mar. 31, 2024
Capital Structure [Abstract]  
Capital Structure
10.
 
Capital structure
Issue of shares to Connect sellers pursuant to April 2022 transaction
The total purchase consideration pursuant to the Connect
 
acquisition in April 2022 includes
3,185,079
 
shares of the Company’s
common stock. These shares of
 
common stock will be issued
 
in
three
 
equal tranches on each
 
of the first, second
 
and third anniversaries
of the April 14, 2022 closing. The Company legally issued
1,061,693
 
shares of its common stock, representing the second tranche, to
the Connect sellers
 
in April 2024,
 
and this had
 
no impact on
 
the number of
 
shares, net of
 
treasury, presented in the unaudited
 
condensed
consolidated
 
statement of
 
changes during
 
the nine
 
months ended
 
March 31,
 
2024 because
 
the
3,185,079
 
shares are
 
included in
 
the
number of shares, net of treasury,
 
as of June 30, 2023, and March 31, 2024.
Impact of non-vested equity shares on number of shares,
 
net of treasury
The following table presents a
 
reconciliation between the number of
 
shares, net of treasury, presented in the
 
unaudited condensed
consolidated statement of changes in equity during the nine months
 
ended March 31, 2024 and 2023, respectively,
 
and the number of
shares, net of treasury,
 
excluding non-vested equity shares that have not vested as of March 31, 2024 and 2023,
 
respectively:
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31,
March 31,
2024
2023
Number of shares, net of treasury:
Statement of changes in equity
 
64,466,830
63,743,900
Non-vested equity shares that have not vested as of end of period
3,131,469
3,194,463
Number of shares, net of treasury,
 
excluding non-vested equity shares that have not
vested
 
61,335,361
60,549,437