v3.26.1
Warrants (Tables)
12 Months Ended
May 31, 2026
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrant Activity
Warrants outstanding as of May 31, 2026 and May 5, 2026 (as a result of the Business Combination, there were no comparable balances as of May 31, 2025) were as follows:
ExerciseRemainingMay 5,May 31,
Source
 Price term (Years)2026
Issued
ExpiredExercised 2026
January 2026 Private Placement Warrants$8.22 5.1356 — — — 356 
January 2026 Placement Agent Warrant$8.22 5.114 — — — 14 
October 2025 Placement Agent Warrant$4.81 4.415 — — — 15 
March 2025 Inducement Warrant$6.36 3.8700 — — (700)— 
September 2024 Series A
Warrants
$15.00 3.373 — — — 73 
1,158 — — (700)458 
Schedule of Estimated Fair Value of Significant Inputs The following assumptions were used in the valuations to measure the fair value of the January 2026 Private Placement Warrants and the January 2026 Placement Agent Warrant:
January 2026 Private Placement Warrants and Placement Agent Warrants
May 31, 2026May 5, 2026
Current share price$18.36 11.80 
Exercise price$8.22 8.22 
Risk-free interest rate4.1 %4.1 %
Expected term (years)5.145.21
Volatility of stock80.0 %80.0 %