As previously disclosed, in the fourth quarter of fiscal 2025 (Successor), the Company committed to a plan of reduction in force that has resulted in the elimination of certain positions and the termination of employment for certain employees worldwide in order to further streamline the Company’s operations (the “2025 Plan”). The cumulative amount incurred as of June 30, 2026 (Successor) related to the aggregate 2025 Plan is $8,975, consisting of employee termination benefit costs of $8,744 and other cash restructuring charges of $231. The Company fully executed the 2025 Plan during the first quarter of fiscal 2026 (Successor).

For the three and six months ended June 30, 2026 (Successor), the components of the Company’s restructuring charges for the 2025 Plan were as follows:


	Successor
	Three Months Ended		Six Months Ended
	June 30, 2026		June 30, 2026
Restructuring charges:
Employee termination benefit costs	$	7	$	349
Other cash restructuring charges		21		147
Total restructuring charges	$	28	$	496

For the three and six months ended June 30, 2026 (Successor), restructuring charges for the 2025 Plan were recorded in the Company’s consolidated statements of operations as follows:


	Successor
	Three Months Ended		Six Months Ended
	June 30, 2026		June 30, 2026
Cost of revenue	$	—	$	(65	)
Selling, general and administrative expenses		28		561
Total restructuring charges	$	28	$	496

The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses on the Company’s consolidated balance sheets:


	Employee termination benefit costs			Other cash restructuring charges			Total
Balance as of June 25, 2025 (Successor)	$	—		$	—		$	—
Charges		8,395			84			8,479
Payments		(670	)		(84	)		(754	)
Balance as of December 31, 2025 (Successor)	$	7,725		$	—		$	7,725
Charges		221			147			368
Payments		(7,259	)		(147	)		(7,406	)
Change in estimate		128			—			128
Balance as of June 30, 2026 (Successor)	$	815		$	—		$	815

At June 30, 2026 (Successor), the Company expects the remaining employee termination benefit liability to be paid in full by the end of fiscal 2026.