Stock-Based Compensation (Tables)

12 Months Ended

Jan. 03, 2025

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

For the fiscal year ended January 3, 2025, stock option activity was as follows:

	Stock Options
	Number of shares			Weighted average exercise price per share		Weighted average grant date fair value		Weighted average years of remaining contractual term
Outstanding as of December 29, 2023		4,137,183		$	1.26	$	—		7.6
Exercised		(416,057	)		1.26		0.66		—
Forfeited & expired		(383,976	)		1.26		0.66		—
Outstanding as of January 3, 2025		3,337,150			1.26		0.66		6.3
Exercisable as of January 3, 2025		2,983,056		$	1.26	$	0.66		6.3

Summary of Unvested Restricted Stock Units

The following table summarizes the activities for unvested Shimmick restricted stock units for the fiscal year ended January 3, 2025:

	Restricted Stock Units
	Number of shares			Weighted average grant date fair value
Unvested as of December 29, 2023		576,714		$	6.49
Awarded		2,497,630			2.51
Forfeited		(61,656	)		6.32
Outstanding as of January 3, 2025		3,012,688			2.88
Ended vested as of January 3, 2025		395,578			5.25
Ended unvested as of January 3, 2025		2,617,110		$	2.88