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Share Repurchase Plan and Issuances
 12 Months Ended
Apr. 30, 2024
Share Repurchase Plan and Issuances  
Share Repurchase Plan and Issuances

16.Share Repurchase Plan and Issuances

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The Company’s share repurchase program announced September 2015 was terminated by the Company’s Board of Directors in September 2022.

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On September 8, 2022 the Company filed an S-3 shelf registration statement to offer and sell shares of the Company’s common stock, including a prospectus supplement in relation to an Open Market Sale AgreementSM, also dated September 8, 2022, with Jefferies LLC relating to the proposed offer and sale of shares of the Company’s common stock having an aggregate offering price of up to $200,000,000 from time to time through Jefferies LLC as the sales agent. During the fiscal year ended April 30, 2024, the Company completed the Open Market Sale AgreementSM, and the Company sold 807,370 shares, for total gross proceeds of $91,313,000, total proceeds received of $88,574,000, net of commission expense, and $88,437,000, net of equity issuance costs. During the fiscal year ended April 30, 2023, the Company sold 1,109,730 of its shares for total gross proceeds of $108,686,000, total proceeds received of $105,425,000, net of commission expense and $104,649,000, net of equity issuance costs.

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