v3.26.1
Subsequent Event
9 Months Ended
Mar. 28, 2026
Subsequent Events [Abstract]  
Subsequent Event
Note 17. Subsequent Event
On April 7, 2026, we entered into privately negotiated exchange agreements with certain holders of our 2026 Notes and 2029 Notes (collectively referred to as the “Exchanged Notes”). The exchange transactions closed in April 2026. Pursuant to these agreements, we issued in aggregate of approximately 5.7 million shares of our common stock in exchange for approximately $474.6 million aggregate principal amounts of the Exchanged Notes and related conversion value in excess of the principal amounts thereof. The Company did not receive any cash proceeds from the exchange transactions. Following the closing of the exchange transactions (after taking into account early conversion requests that have been received, but not yet settled, as of April 30, 2026), approximately $52.0 million aggregate principal amounts of the 2026 Notes and approximately $68.8 million aggregate principal amounts of the 2029 Notes remain outstanding, in each case, with terms unchanged. The Exchanged Notes were canceled upon settlement, and the issuance of common stock in the exchange transactions resulted in incremental dilution of 0.6 million shares of common stock related to the principal amounts.