Fair Value Measurements

6 Months Ended

Nov. 30, 2025

Fair Value Measurements [Abstract]

Fair Value Measurements

NOTE 6. Fair Value Measurements

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of November 30, 2025, and May 31, 2025, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description	Amount at Fair Value		Level 1		Level 2		Level 3
November 30, 2025
Liabilities
Derivative Liability - Warrants	$	7,352	$	6,991	$	—	$	361
Total	$	7,352	$	6,991	$	—	$	361

Description	Amount at Fair Value		Level 1		Level 2		Level 3
May 31, 2025
Liabilities
Derivative Liability - Warrants	$	4,488	$	1,264	$	—	$	3,224
Total	$	4,488	$	1,264	$	—	$	3,224

As of November 30, 2025, there were 10,000 warrants outstanding at an exercise price of $0.75 USD to purchase an equivalent number of Class A ordinary shares. The following table provides quantitative information regarding Level 3 fair value measurements inputs related to these Warrant liabilities at their measurement dates:

	November 30, 2025			May 31, 2025
Redemption Price (USD)	$	0.75		$	0.75
Stock Price (USD)	$	1.65		$	1.06
Volatility		76	%		76	%
Term (years)		3.7			4.2
Risk-free rate		4.02	%		4.42	%

The change in the fair value of the assets and liabilities measured with Level 3 inputs, for the three and six months ended November 30, 2025, is summarized as follows:

	May 31, 2025
Fair value Derivative Liability - May 31, 2025	$	3,224
Warrant Exercises		(5,492	)
Change in fair value of Warrant Liabilities		2,998
Fair value Derivative Liability – August 31, 2025		730
Warrant Exercises		(772	)
Change in fair value of Warrant Liabilities		403
Fair Value Derivative Liability – November 30, 2025	$	361