v3.26.1
SUBSEQUENT EVENTS
9 Months Ended
Jun. 28, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
On July 23, 2026, the Company completed the sale of its property located in Davenport, Iowa. The transaction generated Net Cash Proceeds, as defined in the Company's Credit Agreement, of approximately $2.2 million, which were applied toward principal repayments of the Term Loan in accordance with the Credit Agreement. In addition, subsequent to quarter-end, the Company entered into purchase agreements for several additional properties through auctions in July 2026 with aggregate contract values of approximately $6.8 million. The remaining transactions are expected to close during the fourth quarter of 2026, subject to customary closing conditions, and have not been reflected in the accompanying consolidated financial statements.
On July 24, 2026, we amended our Stock Purchase Agreement with the Investors to modify the standstill provisions, permitting Investors owning more than 10% of the Company's common stock to purchase up to 600,000 shares during the standstill period, and to exceed that limit through Company-approved Rule 10b5-1 trading plans. All other terms of the Stock Purchase Agreement remain unchanged.