Distinguish the original thiirane sulfur from the sulfur supplied by thiocyanate. sulfur attack by at one thiirane carbon opens its C– bond with inversion. This produces a thiolate at the neighbouring carbon and a C––CN group at the attacked carbon. The OH-bearing remote carbon is unaffected.
The original thiolate now attacks the nitrile carbon intramolecularly. Shift one C≡N pi pair onto nitrogen. The resulting cyclic imidodithiocarbonate has the five-membered sequence ring carbon––C(=N)––adjacent ring carbon; its two carbon atoms are also part of the original six-membered carbocycle, exactly giving the hinted bicyclic intermediate.
Collapse can reform C≡N while breaking the nitrile-carbon– bond. This transfers the CN group to and generates as the thiolate on the other ring carbon. That thiolate attacks the remaining C– bond from the back, expelling and reclosing the thiirane. Each thiirane carbon has undergone one inversion, so the new sulfur bridge lies on the opposite face; the OH configuration is retained. The thiocyanate sulfur has entered the ring and the original ring sulfur has left as thiocyanate. This atom-labelled exchange mechanism explains how the same elemental formula can conceal sulfur replacement; isotope labelling would be needed to test that exchange experimentally. A single epimerization at the OH carbon would give the wrong stereochemical outcome.

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