Private Warrant Exchange |
3 Months Ended |
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Aug. 31, 2020 | |
Private Warrant Exchange Disclosure [Abstract] | |
Private Warrant Exchange |
Note 11 – Private Warrant Exchange On June 17, 2020, the Company entered into
privately negotiated warrant exchange agreements with certain accredited investors, pursuant to these investors purchased common stock at a range of $0.21 to $0.70 per share in exchange for warrants with an exercise price ranging from $0.35 to $1.35 per share of common stock. The Company issued 16,543,539 shares of common stock, $0.001 par value, in exchange for 16,543,539 warrants to purchase common stock, which resulted in net aggregateIn connection with this transaction
, the Company recognized approximately $3.3 million in non-cash inducement interest expense. |
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- Definition Private Warrant Exchange Disclosure No definition available.
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- Definition Private Warrant Exchange Disclosure No definition available.
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