v3.26.1
Subsequent Events
6 Months Ended
May 31, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 10 – Subsequent Events

 

On July 15, 2026, the Company and Edward C. Lee, Chairman and President of the Company, executed Amendment No. 2 to the Strategic Divestiture & Settlement Agreement dated April 25, 2026 (as previously amended on June 26, 2026). The amendment revises the effective closing date for the transfer of ownership of Hestia Investments Inc. and the related satisfaction and waiver of outstanding executive compensation and historical service claims, moving it from July 15, 2026 to the close of business on July 31, 2026. All other terms of the underlying agreement, including the April 30, 2026 shareholder record date and the 20% profit participation right granted to Shareholders of Record, remain unchanged.