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Debt (Tables)

12 Months Ended

May 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term debt consisted of the following components (in thousands):

			Interest Rate						Maturity Date						May 31, 2024						May 31, 2023
Starion Term Loan			6.50%						July 2027						$	10,021					$	12,786
Vantage Garden City Loan			6.15%						April 2028						—						10,074
Starion Ellendale Loan			7.48%						February 2028						16,145						19,728
Vantage Transformer Loan			6.50%						February 2029						3,609						—
Cornerstone Bank Loan			8.59%						March 2029						15,576						—
Yorkville Convertible Debt			0.00%						April 2025						80,243						—
Other long-term debt															297						354
Deferred financing costs, net of amortization															(501)						(1,770)
Less: Current portion of debt															(10,082)						(7,950)
Long-term debt, net															$	115,308					$	33,222

Below is the weighted-average interest rate for the Company's term loans:

			May 31, 2024						May 31, 2023
Weighted-average interest rate			2.7		%				13.4		%

Schedule of Maturities of Long-Term Debt

Below is a summary of the remaining principal payments due over the life of the term loans as of May 31, 2024 (in thousands):

FY25			$	46,111
FY26			55,487
FY27			11,935
FY28			8,512
FY29			3,845
Total			$	125,890

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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