Net loss per share is computed using the two-class method. Basic net loss per share is computed using the weighted average number of shares of common stock outstanding for the period, net of any treasury stock. Diluted net loss per share reflects the effect of the assumed exercise of any stock options, the vesting of any restricted stock units, and the exercise of any warrants (including the Public Warrants and the Private Warrants), in each case only in the periods in which such effect would have been dilutive.

For the three and six months ended June 30, 2026 and 2025, net loss per share amounts were the same for Class A and Class B common stock because the holders of each class are entitled to equal per share dividends. There were no shares of Class C common stock outstanding for any period presented.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net loss	$	(11,810)	$	(10,627)	$	(26,956)	$	(23,088)


Less: net income (loss) attributable to noncontrolling interests	38		193		(27)		403
Net loss attributable to holders of Class A and Class B common stock	$	(11,848)	$	(10,820)	$	(26,929)	$	(23,491)






Denominator:
Weighted average common shares outstanding, basic and diluted	55,089		38,080		46,404		38,380





Net loss per common share, basic and diluted1	$	(0.22)	$	(0.28)	$	(0.58)	$	(0.61)

(1)Net loss per share information is presented on a rounded basis using actual amounts. Minor differences in totals may exist due to rounding.

The numerator for net loss per basic and diluted common share excludes the impact of net income (loss) attributable to the noncontrolling interests for all periods presented.

The weighted average common shares outstanding for basic and diluted net loss per share includes the 40,000,000 shares issued pursuant to the First Stock Purchase Agreement that resulted in a stock subscription receivable (refer to Note 9 herein for additional details), as these shares are legally issued and outstanding.

The table below presents the details of securities that were excluded from the calculation of diluted loss per share as the effect would have been anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Stock options	5,675	6,603	5,675	6,603
Restricted stock units	1,838	3,489	1,838	3,489
Warrants	2,469	2,469	2,469	2,469