v3.26.3
Equity (Tables)
3 Months Ended
Jul. 31, 2026
Equity [Abstract]  
Schedule of Debt Maturity Cash Payments

Absent conversions, the total remaining debt maturity cash payments under the Company’s convertible debt are as follows:

 

Schedule of Debt Maturity Cash Payments

 

   July 31, 2026 
   (in thousands) 
     
Fiscal year 2027  $6,066 
Fiscal year 2028   3,844 
Total future minimum debt payments   9,910 
Schedule of Assumptions Used to Estimate the Fair Value of the Warrants

The following table summarizes the assumptions used to estimate the fair value of the Warrants:

 

   June 8, 2026   July 31, 2026 
Common stock price VWAP  $11.70   $5.40 
Exercise price  $12.00   $12.00 
Expected volatility   120%   121%
Risk-free interest rate   4.27%   4.56%
Expected remaining term   6.5 years    6.3 years 
Expected dividend yield   %   %
Fair value of Warrant liability  $8,663,000   $3,756,000