FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Oct. 31, 2023

Financial Assets Measured at Fair Value on Recurring Basis and Classified by Fair Value Hierarchy

The following tables present the Company's financial assets and liability measured at fair value on a recurring basis as of October 31, 2023 and July 31, 2023, classified by fair value hierarchy:


	Successor		Fair Value Measurements at Reporting Date Using
(In thousands)	October 31, 2023		Level 1		Level 2		Level 3
Assets:
Money market funds	$	238,090	$	238,090	$	—	$	—
Convertible loan note investment	$	1,227	$	—	$	—	$	1,227
Other investments	$	2,216	$	2,216	$	—	$	—

Liabilities:
SPHG Note	$	12,327	$	—	$	—	$	12,327


	Successor		Fair Value Measurements at Reporting Date Using
(In thousands)	July 31, 2023		Level 1		Level 2		Level 3
Assets:
Money market funds	$	85,269	$	85,269	$	—	$	—

Liabilities:
SPHG Note	$	12,461	$	—	$	—	$	12,461

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Following is a summary of changes in the SPHG Note measured using Level 3 inputs:


Balance as of July 31, 2023 (Successor)	$	12,461
Change in fair value	(134)
Balance as of October 31, 2023 (Successor)	$	12,327