| Schedule of Computation of Net Loss Per Shares of Common Stock |
The following table sets forth the computation of net loss per share applicable to common shareholders (in thousands, except share data and per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net loss |
|
$ |
(28,133 |
) |
|
$ |
(27,998 |
) |
|
$ |
(48,395 |
) |
|
$ |
(46,464 |
) |
Weighted-average number of common shares used in net loss per share applicable to common shareholders, basic and diluted |
|
|
98,388,335 |
|
|
|
20,902,901 |
|
|
|
87,673,959 |
|
|
|
18,925,445 |
|
Net loss per share applicable to common shareholders, basic and diluted |
|
$ |
(0.29 |
) |
|
$ |
(1.34 |
) |
|
$ |
(0.55 |
) |
|
$ |
(2.46 |
) |
|
| Schedule of Anti-dilutive Potential Shares of Common Stock Excluded from Computation of Diluted net Loss Per Share |
The Company excluded the following potential shares of common stock, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Excluded securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Options to purchase common shares |
|
|
2,306,824 |
|
|
|
2,421,713 |
|
|
|
2,306,824 |
|
|
|
2,421,713 |
|
Warrants to purchase common shares |
|
|
12,491,766 |
|
|
|
5,205,454 |
|
|
|
12,491,766 |
|
|
|
5,205,454 |
|
Restricted stock units |
|
|
2,209,062 |
|
|
|
2,325,986 |
|
|
|
2,209,062 |
|
|
|
2,325,986 |
|
Unvested RSPAs |
|
|
— |
|
|
|
25,045 |
|
|
|
— |
|
|
|
25,045 |
|
Convertible notes (as converted to common shares) |
|
|
11,950,750 |
|
|
|
15,333,624 |
|
|
|
11,940,646 |
|
|
|
16,936,095 |
|
Mandatory Convertible Security |
|
|
— |
|
|
|
11,630,814 |
|
|
|
— |
|
|
|
8,799,797 |
|
Total common shares equivalents |
|
|
28,958,402 |
|
|
|
36,942,636 |
|
|
|
28,948,298 |
|
|
|
35,714,090 |
|
|