v3.25.4
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Activities of RSUs
Below is a summary of the activities of RSUs for the Successor periods ended December 31, 2025 and July 30 through December 31, 2024:
Time Vesting UnitsMarket Vesting UnitsPerformance Vesting
Number of UnitsWeighted Average Grant Date Fair ValueNumber of UnitsWeighted Average Grant Date Fair ValueNumber of UnitsWeighted Average Grant Date Fair Value
Unvested as of July 30, 2024
— $— — $— — $— 
Granted
950,000 $10.00 900,000 $5.35 — $— 
Forfeited
(122,500)$10.00 (122,500)$5.35 — $— 
Units Vested
— $— — $— — $— 
Unvested as of December 31, 2024827,500 $10.00 777,500 $5.35 — $— 
Granted
703,551 $9.35 — $— 1,243,321 $9.34 
Forfeited
(327,848)$9.68 (222,500)$5.35 (259,000)$9.19 
Units Vested
(259,001)$10.00 — $— — $— 
Unvested as of December 31, 2025944,202 $9.76 555,000 $5.35 984,321 $9.38 
Summary of the Activity of Restricted Stock Awards
The following summarizes the activity of restricted stock awards during the year ended December 31, 2025.
Number of Unvested Restricted Stock Awards    Weighted Average Grant Date Fair Value
Unvested as of December 31, 2024— $— 
Restricted stock awards issued for converted NV5 awards in conjunction with the NV5 Acquisition
7,280,777 $10.50 
Forfeited
(182,355)$10.50 
Vested
(139,993)$10.50 
Unvested as of December 31, 20256,958,429 $10.50 
Schedule of Assumptions were Used to Value the Options Issued The following assumptions were used to value the options issued during the years ended December 31, 2023 and options modified during the period ended July 29, 2024:
Predecessor
Period ended
July 29,
2024		Predecessor
Year
ended
December 31, 2023
Weighted average risk-free interest rate
4.20 – 4.90%
3.77 – 5.22%
Expected dividend yield—%—%
Expected volatility40%
40 - 50%
Expected life of options (years)
1.50 – 6.04
1.38 – 5.00