Quarterly report pursuant to Section 13 or 15(d)

Note 14 ??? Common Stock

v3.22.2.2
Note 14 – Common Stock
 3 Months Ended
Jul. 31, 2022
Equity [Abstract]  
Note 14 – Common Stock

Note 14 – 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. A summary of shares of common stock issued by the Company since April 30, 2021 is as follows:

 

Description of Shares   Shares Issued
Shares outstanding as of April 30, 2021     29,431,264  
Conversion of Series A preferred stock     1,321,996  
Conversion of Series B preferred stock     818,333  
Exercise of warrants     66,666  
Acquisition of Skypersonic on May 7, 2021, see Note 1     707,293  
Acquisition of Teal Drones on August 31, 2021, see Note 1     3,588,272  
Public offerings which generated gross proceeds of $76 million and net proceeds of approximately $70.1 million     17,333,334  
Exercise of stock options     89,107  
Vesting of restricted stock units to employees, net of shares withheld of 225,869 to pay taxes and 92,812 to repay a Note     225,637  
Vesting of restricted stock units to Board of Directors     48,124  
Vesting of restricted stock units to consultants     7,042  
Shares issued for services     111,667  
Shares outstanding as of April 30, 2022     53,748,735  
Vesting of restricted stock units to employees, net of shares withheld of 33,267 to pay taxes and 9,000 to repay a Note     55,915  
Vesting of restricted stock units to Board of Directors     12,032  
Vesting of restricted stock units to consultants     1,760  
Share outstanding as of July 31, 2022     53,818,442