DEBT (Tables)

9 Months Ended

Apr. 30, 2024

Debt Disclosure [Abstract]

Summary of Components of Debt and Reconciliation to Carrying Amount

The components of debt are presented in the table below:

	Successor
	April 30, 2024		July 31, 2023
	(in thousands)
Unsecured
7.50% Convertible Senior Note due September 1, 2024	$	12,903	$	12,461
Credit Facility
Umpqua Revolver	—		—
Total debt, net	$	12,903	$	12,461

Net carrying value of SPG note

Below is a reconciliation of interest expense related to the SPHG Note to total interest expense:

	Successor		Predecessor		Successor		Predecessor
	Three Months Ended April 30,		Three Months Ended April 30,		Nine Months Ended April 30,		Nine Months Ended April 30,
	2024		2023		2024		2023
	(in thousands)
Interest expense related to contractual interest coupon on the SPHG Note	$	243	$	271	$	739	$	844
Interest expense related to accretion of the discount on the SPHG Note(a)	—		632		—		1,688
Interest expense related to revolving credit facilities (see below)	—		11		—		36
Other	—		—		—		20
Total interest expense	$	243	$	914	$	739	$	2,588

(a) Prior to the date of the Exchange Transaction, the discount on the SPHG Note was accreted using the effective interest rate method. The effective interest rate on the SPHG Note was 27.8% prior to the SPHG Note Amendment, and was 23.0% subsequent to the SPHG Note Amendment.