Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Shareholders' Equity

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Note 8 - Shareholders' Equity
 3 Months Ended
Apr. 30, 2024
Notes to Financial Statements  
Equity [Text Block]

(8)    Shareholders’ Equity

 

Common Stock

 

As of April 30, 2024, the Company’s authorized share capital consisted of 18,750,000 shares of Class A common stock and 10,000,000 shares of preferred stock, with a par value $0.0001 each, and 8,394,098 shares of Class A common stock were issued and 8,094,321 shares were outstanding. As of April 30, 2024, the Company had no shares of preferred stock or Class C common stock outstanding. Except as required by law, holders of shares of Class C common stock are not entitled to vote any such shares.

 

Subject to applicable law, the Company may declare dividends to be paid ratably to holders of Class A common stock out of the Company’s assets that are legally available to be distributed as dividends in the discretion of the Company’s board of directors. Holders of Class C common stock are generally not entitled to dividends.

 

Warrants

 

Refer to Note 16 “Shareholders’ Equity” in our fiscal 2024 Form 10-K, for information related to the equity and liability-classified warrants.

 

Accumulated Other Comprehensive Income (Loss)

 

Accumulated Other Comprehensive Income (Loss) associated with foreign currency translation adjustments consisted of the following (in thousands):

 

   

Three Months Ended April 30,

  
   

2024

    

2023

  
   

Before Tax

    

Income Tax

    

Net

    

Before Tax

    

Income Tax

    

Net

  

Balance as of beginning-of-period

   $ (13,050 )   $ —     $ (13,050 )   $ (14,794 )   $ —     $ (14,794 )

Translation adjustment

     (2,887 )     —       (2,887 )     875       —       875  

Balance as of end-of-period

   $ (15,937 )   $ —     $ (15,937 )   $ (13,919 )   $ —     $ (13,919 )