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SUBSEQUENT EVENTS
12 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 — SUBSEQUENT EVENTS

 

Related to the June 14, 2024, Private Placement, ranging from July 3, 2024, to October 2, 2024, the Company sold 1,525,316 Units at a price per Unit equal to $1.4726 to a certain investor who paid in cash an aggregate amount of $2,246,181 in consideration of the Units.

 

On August 1, 2024, the Company issued 2,000,000 shares of common stock for consulting services valued at $1,400,000.

 

On August 23, 2024, the Company forfeited 833,333 shares of Common Stock from the original 1,000,000 shares of Common Stock for advisory services granted to Avram Miller, a member of the Company’s board of directors on October 11, 2023. As consideration for and subject to such forfeiture, the Company granted to Mr. Miller, an option to purchase 978,261 shares of Common Stock of the Company with a per-share exercise price equal to the fair market value of a share of the Common Stock on the date thereof, $0.69.