Convertible Preferred Stock (Tables)

3 Months Ended

Oct. 31, 2024

Temporary Equity Disclosure [Abstract]

Temporary Equity

The following table presents the allocation of the initial estimated fair value of the Series B-2 Convertible Preferred Stock to its host instrument and combined embedded derivatives on October 17, 2024:

Initial estimated fair value of Series B-2 Convertible Preferred Stock	$	132,310,000
Initial estimated fair value and carrying value of combined embedded derivatives	38,832,000
Initial carrying value of Series B-2 Convertible Preferred Stock	$	93,478,000

Schedule of Conversions of Stock

The following table presents a reconciliation of the adjustments to increase the carrying values of the Convertible Preferred Stock to their redemption values while outstanding:

	Three months ended October 31, 2024
Redemption value of Series B-2 Convertible Preferred Stock at October 31, 2024	$	187,814,000
Less: Carrying value of combined embedded derivatives at October 31, 2024	39,114,000
Carrying value of Series B-2 Convertible Preferred Stock at October 31, 2024	148,700,000
Less: Initial carrying value of Series B-2 Convertible Preferred Stock at October 17, 2024	93,478,000
Adjustment to increase carrying value of Series B-2 Convertible Preferred Stock to    its redemption value at October 31, 2024	55,222,000
Adjustment to increase carrying value of Series B-1 Convertible Preferred Stock to    its redemption value (while outstanding)	3,412,000
Total adjustments to redemption values charged to Stockholder's Equity	$	58,634,000