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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash Flows from operating activities:    
Net loss $ (99,917) $ (24,462)
Adjustments to reconcile net loss to net cash used in operating activities    
Non-cash interest expense 778 644
Loss on extinguishment of convertible debentures 3,091  
Change in fair value of warrant liabilities (10,849) 3,326
Change in fair value of convertible debenture embedded derivative liabilities 21,421 (269)
Change in fair value of convertible debentures 56,212  
Debt issuance costs expensed upon issuance of convertible debentures recorded using the fair value option 924  
Non-cash lease expense   (5)
Foreign currency adjustments 489 646
Share-based compensation expense 3,450 116
Depreciation of property and equipment 175 238
Changes in operating assets and liabilities:    
Investment tax credit receivable (1,007) 143
Prepaid expenses and other assets (751) (113)
Accounts payable 373 (197)
Accrued expenses and other liabilities 868 2,341
Net cash used in operating activities (24,743) (17,592)
Cash flows from investing activities    
Purchases of property and equipment (318) (153)
Net cash used in investing activities (318) (153)
Cash flows from financing activities    
Proceeds from PIPE Financing 56,892  
Proceeds from FEAC trust account in connection with Reverse Recapitalization 7,363  
Payment of transaction costs in connection with the Reverse Recapitalization and PIPE Financing (10,497)  
Proceeds from issuance of convertible notes 38,000 18,400
Payment of issuance costs associated with convertible debentures (924) (44)
Repayment of convertible debentures (3,176)  
Proceeds from issuance of common shares upon the exercise of stock options 44 12
Repayments of term loan principal (1,555)  
Proceeds from issuance of term loan   11,000
Payments of debt issuance costs associated with the term loan   (391)
Repayment of debt   (1,010)
Net cash provided by financing activities 86,147 27,967
Effect of exchange rate changes on cash 1 (805)
Net increase in cash and cash equivalents 61,087 9,417
Cash and cash equivalents at beginning of period 20,434 11,017
Cash and cash equivalents at end of period 81,521 20,434
Supplemental cash flow information:    
Cash paid for interest 1,398 615
Supplemental disclosure of non-cash investing and financing activities    
Reverse Recapitalization and PIPE Financing transaction costs included within accrued expenses and accounts payable 613  
Conversion of Preferred Shares upon Reverse Recapitalization 53,118  
Derivative liability recognized upon issuance and modification of convertible debentures   3,531
Conversion of Convertible Debentures upon Reverse Recapitalization 113,627  
Reclassification of warrant liability to equity upon Reverse Recapitalization 1,983  
Liabilities assumed upon Reverse Recapitalization 1,130  
Warrant liability recognized upon issuance of term loan 1,420 $ 90
Settlement of derivative liability upon repayment and conversion of convertible debentures 25,217  
Fixed assets included in accrued expenses and accounts payable 58  
Settlement of April 2023 Notes through the issuance of May 2023 Notes and warrants $ 8,000