v3.25.2
Mandatory convertible debentures (Tables)
9 Months Ended
Apr. 30, 2025
Mandatory convertible debentures [Abstract]  
Mandatory Convertible Debentures
Continuity of the Company’s mandatory convertible debentures is as follows:

Balance as at August 1, 2023
 
$
-
 
Issued
   
100,000
 
Change in fair value of mandatory convertible debentures
   
27,500
 
Balance as at July 31, 2024
 
$
127,500
 
Change in fair value of mandatory convertible debentures
   
(70,500
)
Conversion of debentures
   
(57,000
)
Balance as at April 30, 2025
 
$
-
 
Key Inputs used for Revaluation of Mandatory Convertible Debentures
The key inputs used in the Monte Carlo model for the revaluation of the mandatory convertible debentures as at July 31, 2024 are set out in the table below. In October 2024, the mandatory convertible debentures were automatically converted into shares and warrants to be issued. Immediately prior to conversion, the Company revalued the mandatory convertible debentures. The fair value of the shares were valued using a share price of $0.34 and the warrants using the Black-Scholes option pricing model (Note 13).

   
As at July 31, 2024
 
Probability of De-SPAC Transaction closing by maturity date
   
85
%
Risk-free interest rate
   
4.42
%
Expected term (years)
   
0.19
 
Expected annual volatility for the Company
   
92.5
%
Expected annual volatility for Focus Impact
   
2.5
%
Common conversion ratio
   
0.083
 
Foreign exchange rate
   
0.7242