Quarterly report pursuant to Section 13 or 15(d)

WARRANT LIABILITY (Tables)

v3.24.3
WARRANT LIABILITY (Tables)
 3 Months Ended
Jul. 31, 2024
Warrant Liability  
SCHEDULE OF KEY INPUTS FOR THE WARRANT LIABILITY

The key inputs for the warrant liability were as follows as of July 31, 2024:

 

Key Valuation Inputs      
Expected term (years)     4.19  
Annualized volatility     63.4 %
Volatility if fundamental transaction occurs     100.00 %
Risk-free interest rate     4.02 %
Stock price   $ 5.84  
Dividend yield     0.00 %
Exercise price   $ 6.16  
Probability of fundamental transaction     95 %
Date of fundamental transaction     0.25 years to 4.19 years  

 

The key inputs for the warrant liability were as follows as of April 30, 2024:

 

Key Valuation Inputs      
Expected term (years)     4.45  
Annualized volatility     78.9 %
Volatility if fundamental transaction occurs     100.00 %
Risk-free interest rate     4.75 %
Stock price   $ 4.18  
Dividend yield     0.00 %
Exercise price   $ 6.16  
Probability of fundamental transaction     95 %
Date of fundamental transaction     0.25 years to 4.45 years  
SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITY

The following table sets forth a summary of the changes in the fair value of the Level 3 warrant liability for the three months ended July 31, 2024:

 

   

Warrant

Liability

  
Fair value as of April 30, 2024   $ 3,916,900  
Change in fair value     1,749,150  
Fair value as of July 31, 2024   $ 5,666,050