XML 55 R39.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Series B-1 Preferred Stock (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Temporary Equity [Line Items]    
Dividends paid $ 305 $ 818
Series B-1 Preferred Stock [Member] | Oaktree and Engaged [Member]    
Temporary Equity [Line Items]    
Preferred stock, shares issued 15,000  
Preferred stock, liquidation preference, value $ 15,200  
Preferred stock, liquidation preference per share $ 1,015  
Unamortized issuance costs $ 100 $ 200
Dividends paid 300  
Accrued unpaid dividends $ 300  
Preferred stock, dividend payment terms For the first quarter of 2024, dividends on the Series B-1 Preferred Stock accrued daily at an annualized rate of 8.0% of the liquidation preference. Subsequent to the first quarter of 2024, the Company, SunOpta Foods, and Oaktree agreed to amend the terms of the Series B-1 Preferred Stock to eliminate the dividend rights (see note 15).  
Series B-1 Preferred Stock [Member] | Oaktree [Member]    
Temporary Equity [Line Items]    
Preferred stock, convertible, terms At any time, Oaktree may exchange the Series B-1 Preferred Stock, in whole or in part, into the number of shares of the Company's common stock ("Common Shares") equal to, per share of Series B-1 Preferred Stock, the quotient of the liquidation preference divided by the exchange price of $2.50, while, at any time, SunOpta Foods may cause Oaktree to exchange all of their shares of Series B-1 Preferred Stock if the volume-weighted average price of the Common Shares during the then preceding 20 trading day period is greater than 200% of the exchange price then in effect.  
Preferred stock, redemption terms In addition, at any time on or after April 24, 2025, SunOpta Foods may redeem all of the Series B-1 Preferred Stock for an amount per share equal to the value of the liquidation preference at such time.  
Preferred stock, conversion price $ 2.5  
Special Shares, Series 2 [Member] | Oaktree [Member]    
Temporary Equity [Line Items]    
Preferred stock, shares issued 2,932,453  
Limit of voting rights 19.99%