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Stockholders' Equity (Tables)

9 Months Ended

Feb. 28, 2025

Equity [Abstract]

Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following is a summary of the activity and balances for unvested restricted stock awards granted for the nine months ended February 28, 2025:

			Number of Shares						Weighted Average Grant Date Fair Value Per Share
Outstanding as of May 31, 2024			638,895						$	4.01
Granted			—						—
Vested			(190,990)						4.80
Forfeited			(15,650)						8.52
Outstanding as of February 28, 2025			432,255						$	3.49

The following is a summary of the activity and balances for unvested restricted stock units granted during the nine months ended February 28, 2025:

			Number of Shares						Weighted Average Grant Date Fair Value Per Share
Outstanding as of May 31, 2024			5,230,986						$	4.10
Granted			5,665,380						7.15
Vested			(2,146,414)						4.80
Forfeited			(1,117,756)						3.08
Outstanding as of February 28, 2025			7,632,196						$	6.32

Schedule of Performance Stock Units

						Number of Shares						Weighted Average Grant Date Fair Value Per Share
Outstanding as of May 31, 2024						3,110,011						$	2.69
Awarded						2,827,500						7.23
Vested						(272,511)						6.80
Forfeited						(2,800,000)						2.22
Outstanding as of February 28, 2025						2,865,000						$	7.24

Schedule of Estimated Fair Value of Warrants

The estimated fair value of the CIM Warrants was based on the following significant inputs:

			Initial Warrants						Additional Warrants
Warrant issue date			June 17, 2024						August 11, 2024
Contractual term			5 years						5 years
Volatility			105		%				110		%
Risk-free rate			4.25		%				3.76		%
Dividend yield			—		%				—		%

The estimated fair value of the Macquarie Warrants was based on the following significant inputs:

			Macquarie Warrants
Contractual term			5.5 years
Volatility			95		%
Risk-free rate			4.08		%
Dividend yield			—		%

The estimated fair value of the STB Warrant was based on the following significant inputs:

			STB Warrant
Contractual term			7 years
Volatility			95		%
Risk-free rate			4.15		%
Dividend yield			—		%

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Tabular disclosure of share-based payment arrangement.

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-Topic 820
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-Name Accounting Standards Codification
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