Net Loss per Share

3 Months Ended

Mar. 31, 2024

13. Net Loss per Share

Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share attributable to common stockholders is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares to be issued under the commitment to issue shares, as these shares are issuable for no consideration. Diluted net loss per share attributable to common stockholders adjusts the basic net loss per share attributable to common stockholders and the weighted-average number of shares issued for potentially dilutive instruments.

The net loss per common share was the same for the Class A Common Stock and Class B Common Stock because they are entitled to the same liquidation and dividend rights and are therefore combined in the Company’s Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited). Because the Company reported net losses for all periods presented, all potentially dilutive Common Stock equivalents were determined to be antidilutive for those periods and have been excluded from the calculation of net loss per share.

The following table presents the potentially dilutive shares that were excluded from the computation of diluted net loss per share of Common Stock attributable to Common Stock stockholders because their effect was anti-dilutive:


	Three Months Ended March 31,
		2024	2023
Shares issuable upon conversion of SPA Notes and settlement of make-whole provisions		93,243,053	1,299,801
Shares issuable upon conversion of Unsecured Convertible Notes		15,624,025	—
Shares issuable upon exercise of SPA Warrants		558,689	389,881
Other warrants		9,139,280	122,728
Stock-based compensation awards – Options		109,224	154,925
Stock-based compensation awards – RSUs		857,530	83,880
Public warrants		98,088	98,088
Private warrants		464	464
Total		119,630,353	2,149,767