Net Loss per Share

12 Months Ended

Dec. 31, 2023

17. Net Loss per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2023 and 2022 (in thousands except per share amounts):


	Year ended December 31, 2023			Year ended December 31, 2022
Net loss	$	(113,946	)	$	(136,065	)
Basic and diluted weighted average common stock outstanding		92,685			27,222
Basic and diluted net loss per share	$	(1.23	)	$	(5.00	)

Since the Company was in a loss position for the years ended December 31, 2023 and 2022, basic net loss per share was the same as diluted net loss per share for the periods presented.

The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in whole shares):


	Year ended December 31, 2023		Year ended December 31, 2022
Stock options and restricted stock units outstanding(1)		11,241,373		8,585,124
Private Warrants		4,616,667		4,616,667
Public Warrants		12,175,000		5,175,000
Shares for Mudrick convertible notes		19,001,500		15,218,000
Shares for Mudrick PIK Notes		1,884,782		—
Mudrick note warrants		—		7,000,000
Total		48,919,322		40,594,791

(1)

Balances are inclusive of the common stock options legally exercised in exchange of the nonrecourse promissory notes.