Quarterly report [Sections 13 or 15(d)]

Subsequent Events

v3.25.1
Subsequent Events
9 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

20. SUBSEQUENT EVENTS

Dividend

On April 29, 2025, the Company paid a regular cash dividend of $0.20 per share to stockholders of record as of April 15, 2025.

Acquisition of AMS Holding, LLC

On March 9, 2025, the Company entered into a definitive agreement (the “AMS Agreement”) to acquire the 90% of AMS Holding, LLC ("AMS") not previously owned by it, for upfront consideration of $50.0 million in cash and an additional $9.0 million in cash based upon the achievement of certain performance benchmarks. Under the AMS Agreement, selling shareholders may receive up to an additional $3.0 million in cash based upon the achievement of financial targets when certain inventory is sold. The transaction closed on April 1, 2025.