Leases (Tables)

6 Months Ended

Jun. 30, 2026

Leases [Abstract]

Schedule of Elements of Lease Costs

The elements of the lease costs were as follows:


		Successor				Successor					Predecessor
		Three Months Ended June 30, 2026				Period from February 27, 2026 to June 30, 2026					Period from January 1, 2026 to February 26, 2026				Three Months Ended June 30, 2025				Six Months Ended June 30, 2025
		(in millions)				(in millions)					(in millions)				(in millions)				(in millions)
Operating lease expense:
Operating lease expense		$	0.2			$	0.3				$	0.2			$	0.2			$	0.4

Short term lease expense		$	0.1			$	0.1				$	—			$	0.1			$	0.3
Variable lease expense			0.3				0.4					0.2				0.2				0.4
Total lease expense		$	0.6			$	0.8				$	0.4			$	0.5			$	1.1

Schedule of Lease Term and Discount Rate Information

Lease term and discount rate information related to leases were as follows:


		Successor				Predecessor
		June 30, 2026				December 31, 2025
Weighted-average remaining lease term (in years)
Operating leases			1.88				2.05
Finance leases			3.41				3.84

Weighted-average discount rate
Operating leases			7.51	%			9.81	%
Finance leases			7.36	%			10.53	%

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows:


		Successor					Predecessor
		Period from February 27, 2026 to June 30, 2026					Period from January 1, 2026 to February 26, 2026				Six Months Ended June 30, 2025
		(in millions)					(in millions)				(in millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from finance lease (interest payments)		$	—				$	—			$	—
Operating cash flows from operating leases			0.3					0.2				0.4
Financing cash flows from finance lease			—					—				—
Right-of-use assets obtained in exchange for lease liabilities
Operating leases		$	—				$	—			$	0.3
Finance leases			—					—				0.1

Schedule of Future Maturities of Lease Liabilities

Future maturities of lease liabilities are as follows:


		Successor
		June 30, 2026
		Operating Leases				Finance Leases
Year ending December 31,		(in millions)
2026		$	0.4			$	0.1
2027			0.4				0.2
2028			0.1				0.1
2029			0.1				0.1
2030			—				—
Thereafter			—				—
Total future undiscounted lease payments			1.0				0.5
Imputed interest			(0.2	)			(0.1	)
Present value of lease payments			0.8				0.4
Current portion			(0.6	)			(0.1	)
Long-term portion of lease payments		$	0.2			$	0.3