v3.26.3
Subsequent Events
6 Months Ended
Aug. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 19 - Subsequent Events

 

Subsequent to August 31, 2026, on September 2, 2026, the holder exercised pre-funded warrants to purchase 6,708,611 shares of the Company’s common stock at the exercise price of $0.0001 per share.

 

Subsequent to August 31, 2026, the Company fully repaid the SGD500,000 and SGD150,000 loans previously advanced by Dr. Liew Yow Ming, together with all accrued interest thereon. Following these repayments, a separate loan from Dr. Liew Yow Ming with a principal amount of US$100,000 remained outstanding.

 

Subsequent to August 31, 2026, the Company filed a registration statement covering the resale of shares of common stock issuable upon conversion of the August 2026 senior secured convertible note and exercise of the related common stock purchase warrant.

 

On September 23, 2026, the Company entered into a share purchase agreement to acquire 100% of the outstanding shares of Newbit Technology Inc. for a total cash purchase price of $2,300,000. Newbit Technology Inc. holds the Brooks Campus #1 site located in the County of Newell, Alberta, Canada. The closing of the acquisition is subject to customary closing conditions and is expected to occur on or before October 29, 2026.

 

On September 30, 2026, the Company entered into a binding agreement to acquire approximately 20.2 acres of land located in Hanna, Alberta, Canada, for the development of the Company’s Hanna Campus #1. The transaction is subject to a due diligence period and customary closing conditions.

 

On October 6, 2026, the Company held a Special Meeting of Stockholders. At the Special Meeting, the Company’s stockholders approved the issuance of shares of common stock pursuant to the May 2026 and August 2026 senior secured convertible notes in excess of the applicable Nasdaq exchange cap. The Company’s stockholders also approved an amendment to the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock from 200,000,000 to 500,000,000 shares.

 

Except for the above, the Company has determined that it does not have any other material subsequent events to disclose in these consolidated financial statements.