FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Apr. 30, 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 liabilities measured at fair value on a recurring basis as of April 30, 2024 and July 31, 2023, classified by fair value hierarchy:

	Successor		Fair Value Measurements at Reporting Date Using
(in thousands)	April 30, 2024		Level 1		Level 2		Level 3
Assets:
Money market funds	$	254,118	$	254,118	$	—	$	—
Convertible loan note investment	$	—	$	—	$	—	$	—
Other investments	$	14,293	$	14,293	$	—	$	—
Liabilities:
SPHG Note	$	12,903	$	—	$	—	$	12,903

	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 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 value	442		(1,227)
Balance as of April 30, 2024 (Successor)	$	12,903	$	—

(a) Unrealized losses are recorded in Other (losses) gains, net within the condensed consolidated statements of operations.