Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock of the Company outstanding during the period. Diluted net loss per share is computed by giving effect to all common stock equivalents of the Company, including equity-classified share-based compensation, the Brookfield SAFE, and warrants, to the extent dilutive.

The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock (in thousands, except shares and per share amounts):


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025		2024

Net loss for basic and diluted earnings per common share	(32,499)	(27,799)	$	(51,728)	$	(53,307)



Weighted-average shares used in calculating net loss per share, basic and diluted	218,121,734	197,746,569	207,377,690		197,360,539
Net loss per common share, basic and diluted(1)	(0.15)	(0.14)	$	(0.25)	$	(0.27)

(1)In periods in which the Company reports a net loss, all common stock equivalents are excluded from the calculation of diluted weighted average shares outstanding because of their anti-dilutive effect on loss per share.

As of June 30, 2025 and 2024, common stock equivalents not included in the computation of loss per share because their effect would be antidilutive included the following: