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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Oct. 31, 2023
Cash Flows from operating activities:        
Net loss   $ (25,695) $ (12,700)  
Adjustments to reconcile net loss to net cash used in operating activities        
Non-cash interest expense   372 1,663  
Loss on extinguishment of debt   366    
Change in fair value of warrant liabilities $ 341   1,526  
Change in fair value of convertible debenture embedded derivative liabilities     (318)  
Debt issuance costs expensed upon issuance of debt recorded at the fair value option     132  
Non-cash lease expense   67    
Unrealized foreign currency losses   8 22  
Share-based compensation expense   2,208 59  
Depreciation of property and equipment   158 83  
Changes in operating assets and liabilities:        
Investment tax credit receivable   1,130 (722)  
Prepaid expenses and other assets   (2,057) (190)  
Accounts payable   (689) 2,049  
Accrued expenses and other liabilities   2,565 (2,271)  
Lease liabilities   35    
Net cash used in operating activities   (21,532) (10,667)  
Investing activities        
Purchases of property and equipment   (685) (23)  
Net cash used in investing activities   (685) (23)  
Financing activities        
Proceeds from the 2024 PIPE Financing   200,000    
Payments of issuance costs associated with the 2024 PIPE Financing   (12,386)    
Proceeds from exercise of common share warrants   5,983    
Proceeds from exercise of stock options   51 17  
Proceeds from issuance of term loan   22,500    
Repayments of term loan principal   (9,445)    
Payments of debt issuance costs associated with the term loan   (585)    
Proceeds from issuance of April 2023 Notes     8,000  
Payment of issuance costs associated with April 2023 Notes     (132)  
Payment of Reverse Recapitalization and PIPE Financing costs   (613) (132)  
Net cash provided by financing activities   205,505 7,753  
Effect of exchange rate changes on cash and cash equivalents   1 1  
Net increase in cash and cash equivalents   183,289 (2,936)  
Cash and cash equivalents at beginning of period   81,521 20,434 $ 20,434
Cash and cash equivalents at end of period $ 17,498 264,810 17,498 $ 81,521
Supplemental cash flow information:        
Cash paid for interest   867 676  
Supplemental disclosure of non-cash investing and financing activities        
Warrant value issued as part of Amended Term Loan   319    
Right of Use Assets obtained in exchange for lease liabilities   $ 1,904    
Reverse Recapitalization and PIPE Financing transaction costs included within accrued expenses and accounts payable     $ 1,167