Net Loss per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Net Loss per Share

14. 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. 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 June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Shares issuable upon conversion of SPA Notes and settlement of make-whole provisions	172,138,338	1,299,801	172,138,338	1,299,801
Shares issuable upon conversion of Unsecured Convertible Notes	35,910,221	—	35,910,221	—
Shares issuable upon exercise of SPA Warrants	568,738	389,881	568,738	389,881
Other warrants	9,139,280	122,728	9,139,280	122,728
Stock-based compensation awards – Options	98,588	154,925	98,588	154,925
Stock-based compensation awards – RSUs	553,679	83,880	553,679	83,880
Public warrants	98,088	98,088	98,088	98,088
Private warrants	464	464	464	464
Total	218,507,396	2,149,767	218,507,396	2,149,767