v3.26.1
Common Stock and Warrants
6 Months Ended
Feb. 28, 2026
Equity [Abstract]  
Common Stock and Warrants

NOTE 4 – Common Stock and Warrants

 

Common Stock

 

At February 28, 2026, the Company had 300,000,000 authorized shares of common stock with a par value of $0.001 per share, and 65,779,045 shares of common stock outstanding.

 

Warrants

 

Each of the Company’s warrants outstanding entitles the holder to purchase one share of the Company’s common stock for each warrant share held. The Series T Warrants may be exercised on a cashless basis. A summary of the Company’s warrants outstanding and exercisable as of February 28, 2026 and August 31, 2025:

 

                     
    Shares of Common Stock Issuable from Warrants Outstanding as of    Weighted Average       
Description   February 28, 2026    August 31, 2025     Exercise Price   Date of Issuance  Expiration
Series T Warrants   16,666,667    16,666,667   $1.70   November 26, 2018  November 26, 2029
Series U Warrants   4,516,130    4,516,130   $0.47   June 16, 2025  June 16, 2028
Series U-OS Warrants   8,064,516    8,064,516   $0.47   June 16, 2025  June 16, 2028
Total   29,247,313    29,247,313