Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.23.1
Subsequent Events
3 Months Ended
Apr. 30, 2023
Subsequent Events  
Subsequent Events

Note 16. Subsequent Events

 

In May 2023, PulseChain (“Pulse”) and PulseX were launched. Pulse is a layer 1 blockchain that is a fork of Ethereum. PulseX is a fork of the Uniswap digital exchange platform (“DEX”) and is the native DEX of the Pulse ecosystem. During the year ended January 31, 2022, we invested $0.1 million in each of Pulse and PulseX. In May 2023, we received 2.3 billion Pulse tokens and 3.0 billion PulseX tokens. Also in May 2023, Overwatch Partners, Inc., a lead generated by Epic, distributed to us Pulse and PulseX tokens of 12.3 billion each.

 

On June 13, 2023, the Company sold 200,000 shares of Series C Preferred Stock for $0.3 million.