Basic and Diluted Earnings (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings (loss) per common share are calculated as follows (in thousands, except for share and per share data):


			Successor			Predecessor
			Period from September 12, 2025 to September 30, 2025			Period from July 1, 2025 to September 11, 2025			Three months ended September 30, 2024
Numerator:
Net loss			$(192,287)			$(14,366)			$(6,802)

Denominator:
Basic and diluted weighted average shares of common stock outstanding			872,349,183			2,325,783			2,225,816

Income (loss) per common share:
Basic income (loss) per common share			$(0.22)			$(6.18)			$(3.06)
Diluted income (loss) per common share			$(0.22)			$(6.18)			$(3.06)


			Successor			Predecessor
			Period from September 12, 2025 to September 30, 2025			Period from January 1, 2025 to September 11, 2025			Nine Months Ended September 30, 2024
Numerator:
Net loss			$(192,287)			$(26,990)			$(17,462)

Denominator:
Basic and diluted weighted average shares of common stock outstanding			872,349,183			2,299,243			2,200,848

Income (loss) per common share:
Basic income (loss) per common share			$(0.22)			$(11.74)			$(7.93)
Diluted income (loss) per common share			$(0.22)			$(11.74)			$(7.93)