Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Common Stock

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Note 8 - Common Stock
3 Months Ended
Jul. 31, 2021
Equity [Abstract]  
Note 8 - Common Stock

Note 8 - 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 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.