Basic net loss per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted net loss per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted net loss per share:


	Successor			Predecessor
	Three Months Ended			Three Months Ended
	March 31, 2026			March 29, 2025
Numerator:
Net loss	$	(52,000	)	$	(72,585	)
Denominator:
Weighted average shares of common stock outstanding		9,996			80,129
Effect of dilutive common stock equivalents		—			—
Weighted average diluted common shares outstanding		9,996			80,129
Net loss per share
Basic	$	(5.20	)	$	(0.91	)
Diluted	$	(5.20	)	$	(0.91	)

The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted net loss per share was 201 and 8,076 for the three months ended March 31, 2026 (Successor) and the three months ended March 29, 2025 (Predecessor), respectively.