WARRANT LIABILITY (Tables)

3 Months Ended

Jul. 31, 2024

Warrant Liability

SCHEDULE OF KEY INPUTS FOR THE WARRANT LIABILITY

The key inputs for the warrant liability were as follows as of July 31, 2024:

Key Valuation Inputs
Expected term (years)		4.19
Annualized volatility		63.4	%
Volatility if fundamental transaction occurs		100.00	%
Risk-free interest rate		4.02	%
Stock price	$	5.84
Dividend yield		0.00	%
Exercise price	$	6.16
Probability of fundamental transaction		95	%
Date of fundamental transaction		0.25 years to 4.19 years

The key inputs for the warrant liability were as follows as of April 30, 2024:

Key Valuation Inputs
Expected term (years)		4.45
Annualized volatility		78.9	%
Volatility if fundamental transaction occurs		100.00	%
Risk-free interest rate		4.75	%
Stock price	$	4.18
Dividend yield		0.00	%
Exercise price	$	6.16
Probability of fundamental transaction		95	%
Date of fundamental transaction		0.25 years to 4.45 years

SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITY

The following table sets forth a summary of the changes in the fair value of the Level 3 warrant liability for the three months ended July 31, 2024:

	Warrant Liability
Fair value as of April 30, 2024	$	3,916,900
Change in fair value		1,749,150
Fair value as of July 31, 2024	$	5,666,050