v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
Jun. 28, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Awards and Restricted Stock Unit Awards Outstanding
A summary of nonvested restricted stock units (RSUs) outstanding as of June 28, 2026 and changes during the year then ended is as follows (shares in thousands):
Number of RSUsWeighted Average Grant-Date Fair Value
Nonvested at June 29, 2025 (Predecessor)4,627 $32.41 
Granted— — 
Vested(1,216)38.17 
Forfeited(219)54.91 
Nonvested at September 28, 2025 (Predecessor)3,192 27.25 
Forfeited(3,192)27.25 
Nonvested at September 29, 2025 (Predecessor)— $— 
Nonvested at September 30, 2025 (Successor)— $— 
Granted4,108 24.51 
Vested(110)22.91 
Forfeited(232)23.33 
Nonvested at June 28, 2026 (Successor)3,766 $24.63 
Schedule of Total Stock-Based Compensation Expense
Total stock-based compensation expense was classified in the consolidated statements of operations as follows:
SuccessorPredecessor
(in millions of U.S. Dollars)Period from September 30, 2025 to June 28, 2026Period from June 30, 2025 to September 29, 2025Fiscal Year Ended June 29, 2025Fiscal Year Ended June 30, 2024
Cost of revenue, net$10.7 $7.8 $36.9 $28.5 
Research and development2.7 2.2 11.6 11.4 
Sales, general and administrative13.7 3.6 24.8 45.0 
Total stock-based compensation expense$27.1 $13.6 $73.3 $84.9 
Schedule of Weighted Average Assumptions Utilized to Value Stock-Based Compensation
The range of assumptions used to value stock issued under the ESPP were as follows:
Predecessor
Fiscal Year Ended June 29, 2025Fiscal Year Ended June 30, 2024
Risk-free interest rate
4.28 - 5.21%
5.44 - 5.54%
Expected life, in years
0.5 - 1.0
0.5 - 1.0
Volatility
73.7 - 100.2%
73.5 - 74.4%
Dividend yield— — 
The range of assumptions used for performance-based awards with market conditions were as follows:
SuccessorPredecessor
Period from September 30, 2025 to June 28, 2026Period from June 30, 2025 to September 29, 2025Fiscal Year Ended June 29, 2025Fiscal Year Ended June 30, 2024
Risk-free interest rate3.55 %
0.00%
 3.92%
4.52%
Expected life, in years2.56
0.0
3.0
3.0
Expected volatility52.4 %
0.0%
 67.4%
65.9%
Average correlation coefficient of peer companies0.39
0
 0.41
0.44
Dividend yield— — — —