Warrant activity is presented in the table below:
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Weighted |
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average |
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Weighted |
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remaining |
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Aggregate |
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Number of |
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average |
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contractual |
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intrinsic |
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(in thousands, except for share data and years) |
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shares |
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|
exercise price |
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life in years |
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value |
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Warrants outstanding at May 31, 2026 |
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306,367 |
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|
$ |
|
0.26 |
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|
3.57 |
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$ |
|
25,421 |
|
Granted |
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|
78,917 |
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$ |
|
0.24 |
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Exercised |
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— |
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$ |
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— |
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Forfeited, expired, and cancelled |
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(1,408 |
) |
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$ |
|
0.64 |
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Warrants outstanding at August 31, 2026 |
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383,876 |
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$ |
|
0.26 |
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|
3.83 |
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$ |
|
12,034 |
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Warrants outstanding and exercisable at August 31, 2026 |
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|
383,876 |
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$ |
|
0.26 |
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|
3.83 |
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|
$ |
|
12,034 |
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