v3.22.4
Stockholders Equity
9 Months Ended
Nov. 30, 2022
Stockholders' Equity  
14. Stockholders' Equity

14. Stockholders’ Equity

 

Common Stock

 

For the nine-month period ended November 30, 2022

 

Number of shares

 

 

Amount

 

Balance, February 28, 2022

 

 

47,388,056

 

 

$4,740

 

Issuance of shares upon settlement of restricted stock units

 

 

51,531

 

 

 

5

 

Balance, November 30, 2022

 

 

47,439,587

 

 

$4,745

 

 

For the nine-month period ended November 30, 2021

 

Number of shares

 

 

Amount

 

Balance, February 28, 2021

 

 

42,413,691

 

 

$4,242

 

Issuance of shares upon settlement of restricted stock units

 

 

231,660

 

 

 

24

 

Issuance of shares for cash

 

 

4,714,813

 

 

 

471

 

Issuance of shares upon exercise of warrants

 

 

11,666

 

 

 

1

 

Issuance of shares upon exercise of options

 

 

16,226

 

 

 

2

 

Balance, November 30, 2021

 

 

47,388,056

 

 

$4,740

 

 

During the nine-month period ended November 30, 2022, the Company recorded the following common stock transaction:

 

(i)

The Company issued 51,531 shares of the common stock to settle restricted stock units that vested in the period.

 

During the nine-month period ended November 30, 2021, the Company recorded the following common stock transactions:

 

(i)

The Company issued 231,660 shares of the common stock to settle restricted stock units that vested in the period.

(ii)

The Company issued 4,714,813 shares of its common stock, with warrants, at an aggregate offering price of $12.00 per share for total gross proceeds of $56,577,756 and net proceeds of $56,084,304.

(iii)

The Company issued 11,666 shares of its common stock upon the exercise of a warrant.

(iv)

The Company issued 16,226 shares of its common stock upon the exercise of stock options.