v3.26.1
Fair value of financial instruments (Tables)
7 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities
The debt derivative liability is currently the only financial instrument recorded at fair value on a recurring basis in the accompanying balance sheets. The following table presents information about those measurements:
Type of measurementMeasurement dateType of measurement
Level 1Level 2Level 3
Liabilities
Debt derivative liabilityRecurringDecember 31, 2025— — 26,564 
Debt derivative liabilityRecurringMay 25, 2025— — 24,991 
Debt derivative liabilityRecurringMay 26, 2024— — 25,400 
Schedule of Fair Value Reconciliation of Level 3
The following table presents the rollforward reconciliation of this level 3 recurring fair value measurement:
May 26, 2025 throughYear endedYear ended
December 31, 2025May 25, 2025May 26, 2024
Balance at beginning of period$24,991 $25,400 $64,900 
Change in fair value recorded in earnings
1,573 (409)(39,500)
Balance at end of period$26,564 $24,991 $25,400 
Schedule of Derivative Liabilities Assumptions
Key inputs used to develop the fair value measurement were as follows:
December 31, 2025May 25,
2025
May 26,
2024
Probability of change in control event80.0 %80.0 %80.0 %
Weighted average discount rate17.6 %18.4 %21.4 %