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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jan. 31, 2024
Fair Value Disclosures [Abstract]  
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 January 31, 2024 and July 31, 2023, classified by fair value hierarchy:
SuccessorFair Value Measurements at Reporting Date Using
(in thousands)January 31, 2024Level 1Level 2Level 3
Assets:
Money market funds$263,903 $263,903 $— $— 
Convertible loan note investment$1,227 $— $— $1,227 
Other investments$1,947 $1,947 $— $— 
Liabilities:
SPHG Note$12,903 $— $— $12,903 

SuccessorFair Value Measurements at Reporting Date Using
(in thousands)July 31, 2023Level 1Level 2Level 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 financial assets and liabilities measured using Level 3 inputs:
(in thousands)
SPHG Note (a)
Convertible Loan Note Investment (a)
Balance as of July 31, 2023 (Successor)$12,461 $— 
Purchases— 1,227 
Change in fair value442 — 
Balance as of January 31, 2024 (Successor)$12,903 $1,227 
(a) Unrealized losses are recorded in Other gains (losses), net within the consolidated statements of operations.