The following table sets for the weighted average number of shares outstanding and the computation of basic and diluted net loss per share, retroactively adjusted to reflect the Reverse Sock Split for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except number of shares and per share data)	2025		2024		2025		2024
Numerator for earnings per share calculation
Net loss	$	(62,640)	$	(576,727)	$	(133,959)	$	(1,116,416)
Denominator for earnings per share calculation
Weighted average number of shares outstanding – basic	16,453,896		16,116,996		16,364,573		16,137,493

Weighted average number of shares outstanding – diluted	16,453,896		16,116,996		16,364,573		16,137,493
(Loss) Income per share – basic and diluted:
Net loss per share – basic	$	(3.81)	$	(35.78)	$	(8.19)	$	(69.18)
Net loss per share – diluted	$	(3.81)	$	(35.78)	$	(8.19)	$	(69.18)

For the three and six months ended June 30, 2025 and June 30, 2024, we have excluded from the calculation of diluted net loss per share the instruments whose effect would have been antidilutive, including (i) 476,717 warrants outstanding, (ii) 808 shares which may be issued upon conversion of the Senior Convertible PIK Notes, and (iii) 310,102 Unvested Founder Shares. Additionally, we have excluded from the calculation of diluted net loss per share stock-based compensation awards whose effect would have been anti-dilutive of 1,033,248 and 796,168 for three and six months ended June 30, 2025 . Therefore, the weighted average number of shares outstanding used to calculate both basic and diluted net loss per share is the same.