v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 28, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company’s financial liabilities subject to fair value measurement on a recurring basis and the level of inputs used for such measurements were as follows:
Fair Value Measured on June 28, 2026
Level 1Level 2Level 3Total
Liabilities:
Warrant liability (Public)$301 $— $— $301 
Warrant liability (Private)— — 143 143 
Earn-out liability— — 273 273 
Interest rate collar liability— 600 — 600 
Total fair value liabilities$301 $600 $416 $1,317 
Fair Value Measured on December 31, 2025
Level 1Level 2Level 3Total
Liabilities:
Warrant liability (Public)$1,369 $— $— $1,369 
Warrant liability (Private)— — 655 655 
Earn-out liability— — 2,045 2,045 
Interest rate collar liability— 3,498 — 3,498 
Total fair value liabilities$1,369 $3,498 $2,700 $7,567 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The fair value of Private Warrants was estimated as of the measurement date using the Monte Carlo simulation model with the following assumptions:
June 28, 2026December 31, 2025
Valuation date price$2.53 $4.13 
Strike price$11.50 $11.50 
Remaining life (in years)0.050.54
Expected dividend$— $— 
Risk-free interest rate3.63%3.52%
Price threshold$18.00 $18.00 
The fair value of the earn-out liability was estimated as of the measurement date using the Monte Carlo simulation model with the following assumptions:
June 28, 2026December 31, 2025
Valuation date price$2.53 $4.13 
Expected term (in years)2.052.54
Expected volatility64.87%78.79%
Risk-free interest rate3.99%3.45%
Price hurdle$15.00 $15.00 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The reconciliation of changes in Level 3 liabilities during the 26-week periods ended June 28, 2026 and June 29, 2025 is as follows:
Private WarrantsEarn-Out LiabilityTotal
Balance at December 31, 2024$265 $1,148 $1,413 
Gains included in earnings(23)(404)(427)
Balance at June 29, 2025$242 $744 $986 
Balance at December 31, 2025$655 $2,045 $2,700 
Gains included in earnings(512)(1,772)(2,284)
Balance at June 28, 2026$143 $273 $416