Temporary Equity (Tables)

3 Months Ended

Aug. 31, 2026

Temporary Equity Disclosure [Abstract]

Schedule of Accretion and Carrying Amount of Series B Preferred Stock

The following table presents the accretion and carrying amount of the Series B Preferred Stock as of August 31, 2026 (in thousands):


January 2026 Private Placement Carrying Value (May 31, 2026)	$	2,012
Accretion of carrying value to redemption value	171
Carrying value of shares converted (1)	(2,183)
Carrying value at August 31, 2026	$	—

(1)Represents the carrying value, at July 21, 2026, of 2,926 shares of Series B Convertible Preferred Stock that were converted into 355,961 shares of common stock of the Company. This conversion occurred on July 21, 2026.

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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