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

16. SUBSEQUENT EVENTS

 

Subsequent to August 31, 2026:

 

— The Company issued 63,547,330 common shares pursuant to an equity purchase agreement for gross proceeds of $155,658, issuance costs of $6,226 and net proceeds of $149,432. In addition the Company issued another 27,600,595 common shares for estimated gross proceeds of $46,369, the exact shares and purchase price will be determined at the end of the valuation period which falls after this reporting date.

 

— The Company issued 32,000,000 common shares to a lender to settle $61,440 in accrued interest pursuant to exchange agreements with the lender.

 

— The Company issued 84,931,298 common shares to a lender to convert $150,000 in principal, $8,541 in accrued interest and $2,880 in fees for a total of $161,421.

 

— The Preferred Series C shareholder converted 93 Preferred Series C shares at a redemption value of $122,202 for 58,719,743 common shares.

 

— on September 30, 2026, the Company issued a $120,000 note repayable in 40 weekly payments of $3,000 starting October 9, 2026. Cash proceeds were $100,000 with a $20,000 original issue discount. Non-interest bearing. Secured by a general security charging all of RAD’s present and after-acquired property. Along with the debt the Company issued warrants to purchase 150 Series F shares with a $1.00 exercise price and a December 31, 2036 maturity.