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Subsequent Events | 6 Months Ended
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Dec. 31, 2024
Subsequent Events [Abstract] |
Subsequent Events | 21. Subsequent events Proposed acquisition of Recharger On November 20, 2024, the Company announced the acquisition of Recharger (Pty) Ltd (“Recharger”). The acquisition is subject to the satisfaction of customary closing conditions, including certain regulatory approvals. As of January 29, 2025, all regulatory approvals, including approval by the Competition Commission (South Africa), were satisfied. The acquisition is expected to close in the third quarter of fiscal 2025. The purchase consideration of ZAR 507 million will be paid over two tranches with the first tranche settled at closing and the second tranche a year later. The purchase consideration will be settled through a combination of ZAR 332 million in cash and ZAR 175 million in shares of the Company’s common stock. The share price applied to determine the number of shares of common stock to be issued for the equity consideration will be based on the volume-weighted average price of the Company’s common shares for the three-month period prior to the disbursal of each tranche. The Company will also make a ZAR 43 million contribution to Recharger at closing which will be used exclusively to repay a loan due by Recharger to the seller. The Company expects the acquisition to act as an entry point for it into the South African private utilities space while augmenting the Enterprise division’s alternative payment offering.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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