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SUBSEQUENT EVENTS
9 Months Ended
May 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13: SUBSEQUENT EVENTS

 

On June 23, 2021, the Company held a special meeting of shareholders, pursuant to which the Company’s shareholders approved the adoption of the 2021 Plan, effective as of April 9, 2021. The 2021 Plan replaces the Company’s 2017 Plan. The 2021 Plan was approved, subject to shareholder approval, by the Board of Directors of the Company on April 9, 2021.

 

In June 2021, under the terms of the Lixoft acquisition agreement, the Company made an earnout payment of $2.0 million (two-thirds cash and one-third newly issued, unregistered shares of common stock) to the former shareholders of Lixoft.

 

On Thursday, July 8, 2021, our Board of Directors declared a quarterly cash dividend of $0.06 per share to our shareholders. The dividend amount of $1.2 million will be distributed on Monday, August 2, 2021, for shareholders of record as of Monday, July 26, 2021.