Investments - Short-Term

3 Months Ended

Jan. 31, 2023

Investments - Short-Term

Investments - Short-Term

Note 5. Investments – Short-Term

On November 14, 2022, the Company invested $75.0 million to purchase U.S. Treasury Securities. The U.S. Treasury Securities have maturity dates ranging from February 9, 2023 to May 15, 2023. We have classified the U.S. Treasury Securities as held-to-maturity and recorded them at amortized cost. The following table summarizes the amortized cost basis and fair value (based on quoted market prices) at January 31, 2023.

	Amortized			Gross unrealized		Gross unrealized
	cost			gains		losses	Fair value
U.S. Treasury Securities
As of January 31, 2023	$	75,652	$	—	$	(24)	$	75,628

The contractual maturities of investments are within one year and the weighted average yield to maturity is 4.36%.