v3.26.3
Fair Value Measurements (Tables)
3 Months Ended
Aug. 31, 2026
Fair Value Measurements [Abstract]  
Schedule of Fair Value Hierarchy of Valuation Inputs

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of August 31, 2026, and May 31, 2026, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description   Amount at
Fair Value
    Level 1     Level 2     Level 3  
August 31, 2026                        
Liabilities                        
Public Warrant Liabilities   $ 4,943     $ 4,943     $ —     $ —  
Other Warrant Liabilities   $ 261     $ —     $ —     $ 261  
Total   $ 5,204     $ 4,943     $ —     $ 261  

 

Description   Amount at
Fair Value
    Level 1     Level 2     Level 3  
May 31, 2026                        
Liabilities                        
Public Warrant Liabilities   $ 8,569     $ 8,569     $ —     $ —  
Other Warrant Liabilities   $ 456     $ —     $ —     $ 456  
Total   $ 9,025     $ 8,569     $ —     $ 456  
Schedule of Other Warrant Liabilities

Other Warrant Liabilities include the following two components:

 

    August 31,
2026
    May 31,
2026
 
General Warrant Liabilities   $ 17     $ 34  
Placement Warrant Liabilities     244       422  
Total Other Warrant Liabilities   $ 261     $ 456  
Schedule of Level 3 Fair Value Measurements Inputs The Company used the Black-Scholes model to value these warrants, and the following table provides quantitative information regarding Level 3 fair value measurement inputs related to these Warrant liabilities at their measurement dates:

 

    August 31,
2026
    May 31,
2026
 
Redemption Price (USD)   $ 0.75     $ 0.75  
Stock Price (USD)   $ 1.67     $ 2.93  
Volatility     101.15 %     101 %
Term (years)     2.98       3.23  
Risk-free rate     4.80 %     4.45 %
Schedule of Change in Fair Value of Assets and Liabilities

The change in the fair value of the assets and liabilities measured with Level 3 inputs, for the three months ended August 31, 2026, is summarized as follows:

 

    August 31,
2026
 
Fair value Derivative Liability – May 31, 2026   $ 456  
Change in fair value of Warrant Liabilities     (195 )
Fair value Derivative Liability – August 31, 2026     261