|6 Months Ended|
Oct. 31, 2021
|Subsequent Events [Abstract]|
NOTE 13 – SUBSEQUENT EVENTS
Registration of Series A Warrant Shares and Placement Agent Warrant Shares
Series A Warrants and Placement Agent Warrants were issued pursuant to the Securities Purchase Agreement dated as of August 19, 2021. Each Series A Warrant allows the holder to purchase one share of the Company’s common stock at an exercise price of $5.00 per share. Each Placement Agent Warrant allows the holder to purchase one share of the Company’s stock at an exercise price of $6.25 per share. At the time the Series A Warrants and the Placement Agent Warrants were issued, neither the Series A Warrants, the Placement Agent Warrants nor the underlying common stock was registered pursuant to the Securities Act of 1933, as amended. The Company registered the common stock underlying the Series A Warrants and the Placement Agent Warrants pursuant to a Registration Statement on Form S-3 (“Registration Statement”) filed with the Commission on November 8, 2021. The Registration Statement became effective on November 17, 2021.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef