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Capital Stock
12 Months Ended
Jan. 31, 2025
Equity [Abstract]  
Capital Stock

11. Capital Stock

Preference shares

Since the Company’s initial public offering, or IPO, a total of 20,000,000 preference shares, with a $0.00045 par value per share, were authorized. There were no preference shares issued and outstanding as of January 31, 2025 and 2024, respectively.

Ordinary shares

As of January 31, 2025 and 2024, the following ordinary shares were reserved for future issuance under the Company’s equity plans and employee stock purchase plan:

 

 

As of January 31,

 

 

 

2025

 

 

2024

 

Shares reserved for options, restricted stock and restricted stock units under equity plans

 

 

4,991,570

 

 

 

4,492,705

 

Shares reserved for employee stock purchase plan

 

 

3,636,591

 

 

 

2,834,384

 

 

Shares repurchased

There were no shares repurchased in fiscal years 2025, 2024 and 2023. On May 29, 2024, the Company's Board of Directors approved an extension of the existing share repurchase program for an additional twelve months through June 30, 2025. As of January 31, 2025, there was approximately $49.0 million available for repurchases through June 30, 2025. Repurchases under the program may be made from time-to-time through open market purchases, 10b5-1 plans or privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate the Company to acquire any particular amount of ordinary shares, and it may be suspended at any time at the company's discretion. Repurchases are funded using working capital and any repurchased shares will be recorded as authorized but unissued shares.