Equity Raises |
The following is a summary of our capital stock activity: | | Number of Shares | | | Weighted-Average Issue Price | | Balance at June 30, 2019 | | | 6,707,363 | | | | | Australia share placement (July 2019)(4) | | | 1,450,000 | | | AUD 14.50(1) | | U.S. public offering (June 2020)(4) | | | 2,065,000 | | | $ | 6.30 | | Exercise of incentive options | | | 109,399 | | | | — | | Conversion of performance rights | | | 25,000 | | | | — | | Balance at June 30, 2020 | | | 10,356,762 | | | | | | Australia share placement (August 2020)(4) | | | 1,200,000 | | | AUD 9.00(1) | | U.S. public offering (October 2020)(4) | | | 2,300,000 | | | $ | 25.00 | | U.S. public offering (March 2021)(4) | | | 1,750,000 | | | $ | 70.00 | | Exercise of incentive options (cashless)(2) | | | 130,271 | | | | — | | Exercise of incentive options(3) | | | 22,500 | | | | — | | Conversion of performance rights | | | 5,000 | | | | — | | Balance at June 30, 2021 | | | 15,764,533 | | | | | |
| (1) | The weighted average issue price in Australian dollars (AUD) were on share issuances that were initiated in Australia and translated into U.S. dollars at historical rates. |
| (2) | 130,271 stock options were exercised through cashless exercises during the year ended June 30, 2021. |
| (3) | 22,500 stock options consisting of 5,000, 2,500, 15,000 incentive options with weighted average issue prices of AUD 35.00, AUD 16.00 and $12.38, respectively, were exercised during the year ended June 30, 2021. |
| (4) | Share issuance costs associated with Australia share placements and US public offerings totaled $12,819,429 and $2,326,270, during the years ended June 30, 2021 and 2020, respectively, and were accounted for as a reduction in the proceeds from share issuances in the consolidated balance sheets. |
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