|
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 |
|
|
contractual |
|
|
intrinsic |
|
(in thousands, except for share data and years) |
|
shares |
|
|
exercise price |
|
|
life in years |
|
|
value |
|
Warrants outstanding at May 31, 2024 |
|
|
361,445 |
|
|
$ |
|
0.34 |
|
|
|
4.21 |
|
|
$ |
|
2,697 |
|
Granted |
|
|
— |
|
|
$ |
|
— |
|
|
|
|
|
|
|
|
Exercised |
|
|
(140,106 |
) |
|
$ |
|
0.09 |
|
|
|
|
|
|
|
7,615 |
|
Forfeited, expired, and cancelled |
|
|
(8,211 |
) |
|
$ |
|
0.56 |
|
|
|
|
|
|
|
|
Warrants outstanding at May 31, 2025 |
|
|
213,128 |
|
|
$ |
|
0.27 |
|
|
|
3.71 |
|
|
$ |
|
27,923 |
|
Granted |
|
|
93,941 |
|
|
$ |
|
0.25 |
|
|
|
|
|
|
|
|
Exercised |
|
|
(597 |
) |
|
$ |
|
0.09 |
|
|
|
|
|
|
|
129 |
|
Forfeited, expired, and cancelled |
|
|
(105 |
) |
|
$ |
|
3.07 |
|
|
|
|
|
|
|
|
Warrants outstanding at May 31, 2026 |
|
|
306,367 |
|
|
$ |
|
0.26 |
|
|
|
3.57 |
|
|
$ |
|
25,421 |
|
Warrants outstanding and exercisable at May 31, 2026 |
|
|
306,367 |
|
|
$ |
|
0.26 |
|
|
|
3.57 |
|
|
$ |
|
25,421 |
|
|