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Convertible Preferred Stock (Tables) | 3 Months Ended
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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 |  |  |

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- Definition Tabular disclosure of information related to converting stock into another financial instrument(s) in a noncash (or part noncash) transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-5 + Details
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- Definition Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(27)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1 + Details
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