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Subsequent Events
6 Months Ended
Jul. 31, 2024
Subsequent Events  
Subsequent Events

14. Subsequent Events

 

Third Quarter Dividend

 

On August 1, 2024, the Company’s Board of Directors declared a quarterly cash dividend. The quarterly dividend of $0.03 per share or approximately $0.2 million, was paid on August 22, 2024, to stockholders of record as of August 15, 2024.

 

Additional Investment in Bodytrak

 

On August 28, 2024, the Company made an additional investment in Bodytrak in the form of a secured convertible loan of £200,000 ($0.3 million on the date of investment). The loaned amounts are due twenty-four months from the issue date, which can be extended upon mutual agreement. The convertible note bears interest at either an annual rate of 12% for cash interest or 15% for payment in kind interest on the outstanding amount under the note, such rate being selected by Bodytrak.