v3.26.1
Common Stock (Tables)
12 Months Ended
May 31, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Proceed Received by the Company The proceeds received by the Company are summarized below:

 

Gross Proceeds - Class A Shares   $ 1,906  
Gross Proceeds - PFW’s     2,041  
Gross Proceeds - Warrant Exercises     2,787  
Direct costs     (510 )
Net Proceeds   $ 6,224  
Proceeds received by the Company in connection with RDO I are summarized below:

 

Gross Proceeds - Class A ordinary shares   $ 27,232  
Direct costs   $ (2,196 )
Net Proceeds   $ 25,036  
Placement warrants allocated to additional paid-in capital   $ 694  
Class A ordinary shares   $ 24,342  
Proceeds received by the Company are summarized below:

 

Gross Proceeds - Class A ordinary shares   $ 18,697  
Gross Proceeds - PFW’s   $ 15,874  
Gross Proceeds - PFW Exercises   $ 3  
Direct costs   $ (2,611 )
Net Proceeds   $ 31,963  
Placement warrants allocated to additional paid-in capital   $ 872  
PFW’s allocated to additional paid-in capital   $ 14,675  
Class A ordinary shares   $ 16,416  
The proceeds received by the Company are summarized below:

 

Gross Proceeds - Class A Shares   $ 2,100  
Gross Proceeds - Preferred Shares     6,300  
Direct costs     (41 )
Net Proceeds   $ 8,359  
Schedule of Warrants Measurements Inputs The Company used the Black-Scholes model to value these warrants with the following assumptions:

 

    May 8,
2026
 
Redemption Price (USD)   $ 2.47  
Stock Price (USD)   $ 2.39  
Volatility     101 %
Term (years)     5  
Risk-free rate     4.35 %
The Company used the Black-Scholes model to value these warrants with the following assumptions:

 

    May 27,
2026
 
Redemption Price (USD)   $ 2.89  
Stock Price (USD)   $ 2.76  
Volatility     101 %
Term (years)     5  
Risk-free rate     4.56 %
Schedule of Warrant Activity

A summary of warrant activity for the Company excluding the PFW’s is as follows:

 

    Number of
Warrants
    Weighted
Average
Exercise
Price
($USD)
    Weighted
Average
Remaining
Contractual Life
(years)
    Aggregate
Intrinsic
Value
($USD)
 
Outstanding warrants May 31, 2024     12,065,375     $ 11.50       4.0     $  
Issued     8,800,000     $ 0.49       4.3        
Exercised     (5,590,000 )   $ 0.35       4.7        
Outstanding warrants, May 31, 2025     15,275,375     $ 9.24       3.7     $ 955  
Issued     576,452     $ 2.69       5.0     $ 137  
Exercised     (3,200,000 )   $ 0.75       3.7     $ 3,555  
Outstanding warrants May 31, 2026     12,651,827     $ 11.09       2.8     $ 159