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Ordinary Shares
3 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Ordinary Shares

15. Ordinary Shares

As of June 30, 2024, the Company was authorized to issue 220,000,000 shares of ordinary shares, $0.0001 par value.

The holders of Ordinary Shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. In the event of liquidation, the holders of ordinary shares are eligible to receive an equal share in the distribution of the surplus assets of the Company based on their percent of ownership.

As of June 30, 2024 and March 31, 2024, 68,440,829 and 68,440,829 of the Company's Ordinary Shares were outstanding, respectively.

The following table summarizes the Company’s Ordinary Shares reserved for future issuance on an as-converted basis:

 

 

 

 

 

 

As of
 June 30,
2024

 

 

As of
March 31,
2024

 

Conversion of outstanding redeemable convertible instruments

 

 

 

 

 

125,255

 

 

 

137,448

 

Remaining shares available for future issuance under the Company's equity incentive plan

 

 

 

 

 

9,922,986

 

 

 

9,707,986

 

Warrants

 

 

 

 

 

21,618,972

 

 

 

21,045,965