EQUITY |
12 Months Ended |
|---|---|
May 29, 2026 | |
| EQUITY | |
| EQUITY | 10. EQUITY
On October 15, 2024, the Board of Directors authorized management to execute a new $100 million shelf registration, and a Registration Statement on Form S-3 was filed with the SEC. Additionally, a Prospectus Supplement for sales of $40 million of common stock pursuant to an “At the Market” (“ATM”) offering program was subsequently filed on October 29, 2024. In November 2025, the Company sold 384,380 shares of common stock at an average selling price of $25.89 per share. The gross proceeds to the Company were approximately $10.0 million, before professional fees of $0.6 million. In February 2026, the Company sold 269,439 shares of common stock at an average selling price of $39.20 per share. The gross proceeds to the Company were approximately $10.5 million, before professional fees of $0.3 million. In March 2026, the Company sold an additional 476,649 shares of common stock at an average selling price of $40.88 per share. The gross proceeds to the Company were approximately $19.5 million, before professional fees of $0.5 million.
On April 7, 2026, the Board of Directors authorized the filing of an additional Prospectus Supplement for the sale of $60 million of its common stock pursuant to a new ATM offering program under the Company’s existing $100 million shelf registration statement. In April 2026, the Company sold 812,185 shares of common stock at an average selling price of $73.87 per share. The gross proceeds to the Company were approximately $60.0 million, before professional fees of $1.2 million. The ATM offering program has been fully utilized. |