Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Common Stock

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Note 12 - Common Stock
6 Months Ended
Oct. 31, 2021
Equity [Abstract]  
Note 12 - Common Stock

Note 12 - Common Stock

 

Our common stock has a par value of $0.001 per share. We are authorized to issue 500,000,000 shares of common stock. Each share of common stock is entitled to one vote. 

 

On May 4, 2021, the Company closed an offering of 4 million shares of common stock which generated gross proceeds of $16 million and net proceeds of approximately $14.6 million.

 

On May 4, 2021, the Company issued 50,000 shares of common stock for investor relations services rendered.

 

On May 7, 2021, the Company issued 685,321 shares of common stock in connection with the acquisition of Skypersonic, as further described in Note 1.

 

On July 21, 2021, the Company closed an offering of 13,333,334 shares of common stock which generated gross proceeds of $60 million and net proceeds of approximately $55.5 million.

 

During the three months ended July 31, 2021, 62,500 shares of common stock were issued under the terms of a restricted stock agreement with an officer.

 

On August 10, 2021, the Company issued 1,321,966 shares of common stock in connection with the conversion of 158,704 shares of Series A Preferred Stock.

 

On August 15, 2021, the Company issued 20,000 shares of common stock for investor relations services rendered.

 

On August 31, 2021, the Company issued 3,588,272 shares of common stock in connection with the acquisition of Teal Drones, as further described in Note 1.

 

During the three months ended October 31, 2021, the Company issued 21,972 shares of common stock in connection with working capital adjustments related to the acquisition of Skypersonic, as further described in Note 1.

 

During the three months ended October 31, 2021, 243,615 shares of common stock were issued as stock based compensation.