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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
$ in Thousands
9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Cash Flows from Operating Activities:    
Net Income (loss) $ (26,452) $ 11,811
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 187 98
Stock-based compensation 6,998 189
Registered Share Offering Costs 290
Change in fair value of Forward Purchase Agreement 740
Gain on Termination of Forward Purchase Agreement (21,400)
Change in Warrant liability 8,134 (601)
Changes in operating assets and liabilities:    
Prepaid expenses (564) 1,690
Other receivables (195) 268
Accounts payable 421 118
Accrued liabilities (317) (9)
Operating leases (1) (1)
Net cash used in operating activities (11,789) (6,807)
Cash Flows used in Investing Activities:    
Purchase of property and equipment (813) (98)
Net cash used in investing activities (813) (98)
Cash Flows from Financing Activities:    
Proceeds from Sales Agreement 21,419
Proceeds from Registered Securities Offering 3,947
Registered Share Offering Costs (510)
Proceeds from exercise of stock options 28
Proceeds from Issuance of Class A Ordinary Shares 2,088
Proceeds from Issuance of Preferred Shares 6,264
Forward Purchase Agreement termination (278)
Proceeds from warrants exercised 3,282 2,774
Net cash provided by financing activities 24,729 14,285
Net Change in Cash and Cash Equivalents 12,127 7,380
Cash and Cash Equivalents - Beginning of period 7,547 1,816
Cash and Cash Equivalents - End of period $ 19,674 $ 9,196