Class A

Class B

Class A

Class B

Year ended September 30,

2025

2024

Class A

Class B

Class A

Class B

Basic net loss per share:

Numerator:

Allocation of net loss

$

(44,072

)

$

(2,059

)

$

(18,452

)

$

(1,582

)

Deemed dividend from warrant price adjustment

—

(609

)

(52

)

Net loss available to common
stockholders

$

(44,072

)

$

(2,059

)

$

(19,061

)

$

(1,634

)

Denominator:

Weighted-average shares outstanding

43,435,887

2,029,216

26,175,279

2,244,314

Basic net loss per share

$

(1.01

)

$

(1.01

)

$

(0.73

)

$

(0.73

)

Diluted net loss per share:

Numerator:

Net loss available to common
stockholders

$

(44,072

)

$

(2,059

)

$

(19,061

)

$

(1,634

)

Change in fair value of PIPE make-whole liability

—

(764

)

(66

)

Change in fair value of liability-classified warrants

—

(634

)

(54

)

Reallocation of net loss as a result of conversion of Class B to Class A Common Stock

(2,059

)

—

(1,754

)

—

Reallocation of net loss as a result of conversion of Class B to Class A Common Stock

—

63

Allocation of net loss

$

(46,131

)

$

(2,059

)

$

(22,213

)

$

(1,691

)

Denominator:

Number of shares used in basic earnings per share calculation

43,435,887

2,029,216

26,175,279

2,244,314

Shares issuable in satisfaction of PIPE make-whole liability

—

727,223

—

Shares issuable under liability-classified warrants

—

336,205

—

Conversion of Class B to Class A Common Stock

2,029,216

—

2,244,314

—

Number of shares used in per share computation

45,465,103

2,029,216

29,483,021

2,244,314

Diluted net loss per share

$

(1.01

)

$

(1.01

)

$

(0.75

)

$

(0.75

)