v3.26.3
SUBSEQUENT EVENTS
3 Months Ended
Aug. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 7: SUBSEQUENT EVENTS

 

On September 24, 2026, we filed a registration statement on Form S-3 with the SEC covering the resale by selling stockholders of up to 1,403,705 shares of our common stock, consisting of 1,393,705 shares issued in the August 2026 private placement (the “Private Placement”) and 10,000 shares issued pursuant to a consulting agreement. We will not receive any proceeds from sales of these shares by the selling stockholders. The resale registration statement was filed pursuant to a Registration Rights Agreement entered into with the investors in connection with the Private Placement, which closed on August 26, 2026, under which we agreed to file a registration statement with the SEC covering the resale of the shares issued in the Private Placement and to use commercially reasonable efforts to cause it to become effective and remain effective for the periods specified therein.

 

On September 24, 2026, we also filed a replacement shelf registration statement on Form S-3 with the SEC covering the offer and sale from time to time of common stock, preferred stock, debt securities and warrants with an aggregate offering price of up to $250,000,000, subject to applicable limitations under General Instruction I.B.6 of Form S-3.

 

Both registration statements were declared effective by the SEC on October 7, 2026.