v3.26.1
RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Mar. 31, 2026
Notes and other explanatory information [abstract]  
Schedule of compensation payable
                       
Years ended March 31,   2026   2025   2024
Short-term employee benefits (salary, bonus, etc.)     4,052       13,787       2,127  
Post-employment benefits                        
Other long-term benefits                        
Termination benefits     152               49  
Share-based payment compensation     1,600       590          
 Total     5,804       1,968       2,176  
Schedule of Compensation
                                                               
Name & Principal Position   Year  

Fee and

Salary(1)

  Bonus  

Transaction

Closing Bonus(3)

 

Securities Under

Options Granted

  Shares or Units(16)   Other(3)   Total Compensation
              $       $       $       $       $       $       $  
Michael Terpin                                                                
      2026       61,250       -       -       -       -       -       61,250  
                                                                 
F. Daniel Siciliano                                                                
      2026       17,500       -       -       -       -       -       17,500  
                                                                 
Gregory H. Bailey, M.D.(6)                                                                
      2026       30,000       25,000       -       -       -       -       55,000  
      2025       30,000       -       -       -       -       -       30,000  
      2024       49,500       -       -       -       -       -       49,500  
                                                                 
James Mellon(6)                                                                
      2026       30,000       25,000       -       -       -       -       55,000  
      2025       30,000       -       -       -       -       -       30,000  
      2024       35,242       -       -       -       -       -       35,242  
                                                                 
Steven Mintz(8)                                                                
      2026       77,500       25,000       -       54,796       -       -       157,296  
      2025       30,000       -       -       113,158 (5)     -       -       143,158  
      2024       45,750       -       -       -       -       -       45,750  
                                                                 
Jean-Christophe Renondin, M.D.(7)                                                                
      2026       30,000       25,000       -       54,796       -       -       109,796  
      2025       30,000       -       -       96,992 (5)     -       -       126,992  
      2024       -       -       -       -       -       -       -  
                                                                 
Justin Stebbing, M.D. PhD(7)                                                                
      2026       30,000       25,000       -       64,760       -       -       119,760  
      2025       30,000       -       -       121,240 (5)     -       -       151,240  
      2024       -       -       -       -       -       -       -  
                                                                 
Linda Kozick(9)                                                                
      2026       -       -       -       -       -       -       -  
      2025       -       -       -       -       -       -       -  
      2024       42,000       -       -       -       -       -       42,000  
                                                                 
Mark Simon(9)                                                                
      2026       -       -       -       -       -       -       -  
      2025       -       -       -       -       -       -       -  
      2024       55,500       -       -       -       -       -       55,500  
                                                                 
Robert Glassman(9)                                                                
      2026       -       -       -       -       -       -       -  
      2025       -       -       -       -       -       -       -  
      2024       45,258       -       -       -       -       -       45,258  
Schedule of outstanding equity awards
                                                   
        Option Awards   Stock Awards(6)
        Number of           Number of Shares or   Market Value of Shares or
        Securities Underlying   Option   Option   Units of Stock   Units of Stock
        Unexercised Options   Exercise   Expiration   That Have   That Have
Name   Grant Date   Exercisable(1)   Unexercisable   Price   Date   Not Vested   Not Vested
Alexander Pickett(2)   3/7/2025     36,000       -       4.45       3/7/2035       -       -  
    7/27/2025     45,937       -       5.73       7/27/2035       -       -  
                                                     
Ian B. Walters(3)   3/30/2023     15,085       -       58.40       12/14/2026       -       -  
    1/19/2022     6,285       -       204.40       12/14/2026       -       -  
    1/13/2021     7,550       -       355.00       12/14/2026       -       -  
                                                     
Andrea E. Park(4)   3/7/2025     28,000       -       4.45       3/7/2035       -       -  
    7/27/2025     7,820       -       5.73       7/27/2035       -       -  
                                                     
Allan Shaw(5)   3/30/2023     1,761       -       58.40       9/30/2026       -       -  
    1/19/2022     840       -       204.40       9/30/2026       -       -  
    1/13/2021     6,550       -       355.00       9/30/2026       -       -  
                                                     
Robert Kramer(6)   3/30/2023     2,771       -       58.40       3/30/2033       -       -  
    1/19/2022     1,255       -       204.40       1/19/2032       -       -  
    1/13/2021     3,050       -       355.00       1/13/2031       -       -  
                                                     
Brian Wiley(7)   3/30/2023     2,386       -       58.40       11/15/2026       -       -  
    1/19/2022     3,000       -       204.40       11/15/2026       -       -  
                                                     
Brittany Kaiser(8)   3/11/2026     545,315       -       1.30       5/14/2036       -       -  
                                                     
Enzo Villani(8)   3/11/2026     545,315       -       1.30       5/14/2036       -       -  
                                                     
Yury Mitin(8)   3/11/2026     545,315       -       1.30       5/14/2036       -       -  

 

Notes

 

(1) Except as set forth below, vesting of all options is subject to continued service as an employee, director and/or consultant of Alpha Compute or a subsidiary on the applicable vesting date. One fourth of the options vested or will vest on the first anniversary of the date of grant, and the remaining balance of the options vested or will vest in 36 equal monthly installments thereafter.

 

(2) On December 15, 2024, Mr. Pickett was appointed as a director of the Company and our Chief Executive Officer under a consultancy agreement and served in such capacities through December 19, 2025, his resignation date. These options were awarded to Mr. Pickett for his services as a director. One fourth of the options vested immediately on grant date, and the remaining vest in three equal annual installments thereafter.

 

(3) Dr. Walters served as our Chief Executive Officer and a director of the Company through December 14, 2024. Pursuant to the terms of his employment agreement, all unvested share options immediately vested on such date. Pursuant to the terms of his share option agreements, the vested share options are exercisable for two years from this date.

 

(4) On September 30, 2024, Ms. Park was appointed as our Chief Financial Officer and departed the Company in October 2025. One fourth of the options vested immediately on the grant date, and the remaining vest in three equal annual installments thereafter.

 

(5) Mr. Shaw served as our Chief Financial Officer through September 30, 2024. Pursuant to the terms of his share option agreements, the vested share options are exercisable for two years from such date.

 

(6) The above table excludes 4,550 RSUs to Mr. Kramer granted on January 13, 2021, with a grant date value of $1,615,250, which vested on the grant date but are subject to certain restrictions and 860 RSUs granted on January 19, 2022 with a grant date value of $175,784, which vested on the grant date.

 

(7) Mr. Wiley served as our Chief Business Officer through November 15, 2024. Pursuant to the terms of his employment agreement, all unvested shares immediately vested on such date. Pursuant to the terms of his share option agreement, the vested share options are exercisable for two years from such date.

 

(8) On March 11, 2026, the Board authorized the grant of 545,315 share options each to Ms. Kaiser, Mr. Mitin, and Mr. Villani, which were owed pursuant to their contractor agreements upon the Company raising at least $50 million in equity financing via either private or public share offerings. These share options were formally granted on May 14, 2026.