v3.26.1
Intangibles (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

Successor - AIAI
June 30, 2026

 

 

Predecessor - CCCI
December 31, 2025

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Weighted Average Useful Life (years)

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Customer relationships

$

 

84,711

 

$

 

(599

)

$

 

84,112

 

 

23

 

$

 

-

 

$

 

-

 

$

 

-

 

Customer backlog

 

 

2,135

 

 

 

(320

)

 

 

1,815

 

 

1

 

 

 

-

 

 

 

-

 

 

 

-

 

Trademarks and domain names

 

 

22,620

 

 

 

(503

)

 

 

22,117

 

 

7

 

 

 

-

 

 

 

-

 

 

 

-

 

Partner relationships

 

 

17,671

 

 

 

(204

)

 

 

17,467

 

 

13

 

 

 

-

 

 

 

-

 

 

 

-

 

Software

 

 

17,927

 

 

 

(408

)

 

 

17,519

 

 

7

 

 

 

-

 

 

 

-

 

 

 

-

 

AI technology license

 

 

480,999

 

 

 

(14,480

)

 

 

466,519

 

 

5

 

 

 

 

 

 

 

 

 

 

Acquired technology

 

 

35,753

 

 

 

(1,073

)

 

 

34,680

 

 

5

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

$

 

661,816

 

 $

 

(17,587

)

 $

 

644,229

 

 

8

 

$

 

-

 

$

 

-

 

$

 

-

 
Schedule Amortization Expense Related to Existing Finite-Lived Intangible Assets

Amortization expense related to the existing finite-lived intangible assets is expected to be as follows (in thousands):

 

Fiscal Year

 

Amortization Expense

 

2026 (Remaining 6 months)

$

 

58,452

 

2027

 

 

115,516

 

2028

 

 

114,769

 

2029

 

 

114,619

 

2030

 

 

114,538

 

Thereafter

 

 

126,335

 

Total

$

 

644,229

 
Schedule of Goodwill

Changes in goodwill are as follows (in thousands):

 

 

 

Amount

 

Goodwill, December 31, 2025 (Predecessor - CCCI)

$

 

-

 

Goodwill recognized in Business Combinations

 

 

303,803

 

Goodwill transferred in Bond Street Acquisition

 

 

1,403

 

Goodwill, June 30, 2026 (Successor - AIAI)

$

 

305,206