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Business Combinations (Tables)
12 Months Ended
Dec. 28, 2025
Business Combinations [Abstract]  
Schedule of Provisional Fair Value of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the provisional and final fair values of identifiable assets acquired and liabilities assumed and measurement period adjustments (in thousands):

 

   Provisional
fair values as of December 29, 2024
   Measurement
period
adjustments in fiscal 2025
   Final
fair values
 
Net assets acquired:            
Cash  $1,000   $   $1,000 
Accounts receivable   

11,999

    4,615    16,614 
Contract assets   

4,615

    

(4,615

)    
Inventories   27,706    20,682    48,388 
Prepaid expenses and other current assets   2,219        2,219 
Property and equipment   5,867        5,867 
Operating lease right-of-use assets   2,506        2,506 
Other noncurrent assets   541        541 
Intangibles   18,100    (2,206)   15,894 
Deferred revenue   (7,361)       (7,361)
Accounts payable   (5,270)       (5,270)
Accrued expenses and other current liabilities   (13,955)       (13,955)
Operating lease liabilities   (2,963)       (2,963)
Other long-term liabilities   (8,980)       (8,980)
Fair value of net assets acquired   36,024    18,476    54,500 
Goodwill recognized   18,476    (18,476)    
Consideration transferred  $54,500   $   $54,500 

 

The provisional and final fair values of the intangible assets acquired and estimated useful lives were as follows:

 

    Estimated
useful life
  Provisional
fair values
as of
December 29,
2024
    Measurement
period
adjustments
in fiscal
2025
    Final
fair values
 
Trademark – Blue Raven Solar   10 years   $ 8,400     $ (1,306 )   $ 7,094  
Trademark - SunPower   10 years     5,200       (900 )     4,300  
Developed technology   3 years     4,500             4,500  
Total       $ 18,100     $ (2,206 )   $ 15,894  

The following table summarizes the provisional fair value of identifiable assets acquired and liabilities assumed (in thousands):

 

   Provisional
fair values
as of
September 24,
2025
   Measurement
period
adjustments in
fiscal
2025
   Provisional
fair values
as of
December 28,
2025
 
Net assets acquired:            
Accounts receivable  $257   $540   $797 
Prepaid expenses and other current assets   387    2,652    3,039 
Property and equipment   241    
    241 
Operating lease right-of-use assets   313    
    313 
Other noncurrent assets   552    (417)   135 
Intangibles   25,922    11,578    37,500 
Contract liabilities   (11,073)   (600)   (11,673)
Accounts payable   (184)   (19)   (203)
Accrued expenses and other current liabilities   (1,322)   (2,528)   (3,850)
Operating lease liabilities   (215)   (117)   (332)
Fair value of net assets acquired   14,878    11,089    25,967 
Consideration transferred   57,789    
    57,789 
Goodwill recognized  $42,911   $(11,089)  $31,822 

  

As of the date of acquisition, the intangible assets acquired and estimated useful lives were as follows:

 

    Estimated
useful life
  Provisional
fair values
as of
September 24,
2025
    Measurement
period
adjustments in
fiscal
2025
    Provisional
fair values
as of
December 28,
2025
 
Customer relationships   10 years   $ 9,279     $ 21,321     $ 30,600  
Trademark - Sunder   10 years     2,427       3,673       6,100  
Developed technology - Sunder   2 years     14,216       (13,416 )     800  
Total       $ 25,922     $ 11,578     $ 37,500  

The provisional fair values of identifiable assets acquired and liabilities assumed are identified below (in thousands):

 

   Provisional
fair values
as of
December 28,
2025
 
Net assets acquired:    
Cash and cash equivalents  $1,350 
Accounts receivable   1,368 
Contract assets - unbilled receivables   1,143 
Prepaid expenses and other current assets   797 
Property and equipment, net   2,230 
Intangible assets   4,300 
Operating lease right-of-use assets   2,563 
Other noncurrent assets   182 
Accounts payable   (2,806)
Accrued expenses and other current liabilities   (2,917)
Contract liabilities   (1,675)
Operating lease liabilities, noncurrent   (2,702)
Finance lease liabilities   (1,269)
Fair value of net assets acquired   2,564 
Fair value of common stock issued (classified within Additional paid-in-capital)   16,493 
Fair value of Deferred Ambia Consideration Shares (Accrued expenses and other current liabilities)   16,879 
Consideration transferred   33,372 
Goodwill recognized  $30,808 

 

As of the date of acquisition, the intangible assets acquired and estimated useful lives were as follows:

 

   Estimated
useful life
  Provisional
Fair values
as of
December 28,
2025
 
Customer relationships (Backlog)  1 year (1)  $3,400 
Trademarks - Ambia  1 year   900 
Total     $4,300 

 

(1) Useful life is based upon customer consumption, expected to occur within one year.

Schedule of Total Consideration is Summarized

The consideration is summarized as follows (in thousands): 

 

Consideration    
Cash  $20,689 
Seller note   20,000 
Fair value of 3,333,334 shares of the Company’s common stock (classified within Additional paid-in-capital)   5,700 
Deferred Sunder Consideration Shares (fair value of 6,666,666 shares of the Company’s common stock):     
Classified within Deferred consideration, current with related party   5,700 
Classified within Deferred consideration, noncurrent with related party   5,700 
Fair value of total consideration  $57,789 
Consideration    
Fair value of 10,243,924 shares of the Company’s common stock issued at Ambia Closing (classified within Additional paid-in capital)  $16,493 
Deferred Ambia Consideration Shares (Classified within Deferred consideration, current)   16,879 
Fair value of total consideration  $33,372 
Schedule of Operations of the Combined Business The pro forma results do not necessarily reflect the actual results of operations of the combined business (in thousands):
   Unaudited 
   Fiscal Year Ended 
   December 28,   December 29, 
   2025   2024 
         
Pro forma revenue  $429,689   $480,427 
Pro forma net loss from continuing operations   (59,168)   (312,801)