| EPS |
Note
10. EPS
The
computation of basic and diluted net loss per share for the three and six months ended June 30, 2026 is as follows (In thousands, except
for share and per share data):
Schedule
of Computation of Basic and Diluted Net Loss per Share
| | |
For
the three months ended June
30, 2026 | |
| Numerator: | |
| | |
| Net loss | |
$ | (65,047 | ) |
| Denominator: | |
| | |
| Weighted average number
of shares of common stock outstanding, basic and diluted | |
| 89,394,753 | |
| Net loss per common
stock, basic and diluted | |
$ | (0.73 | ) |
| | |
For
the six months ended June
30, 2026 | |
| Numerator: | |
| | |
| Net loss | |
$ | (172,806 | ) |
| Denominator: | |
| | |
| Weighted average number
of shares of common stock outstanding, basic and diluted | |
| 86,164,488 | |
| Net loss per common
stock, basic and diluted | |
$ | (2.01 | ) |
As
of June 30, 2026, the following potentially dilutive securities were excluded from the computation of diluted net loss per share because
their inclusion would have been anti-dilutive:
Schedule
of Computation of Net Loss Per Common Stock
| | |
For
the three months ended | |
| | |
June
30, 2026 | |
| Warrants | |
| 12,852,500 | |
| RSUs (See Note 11) | |
| 14,342,256 | |
| Convertible Notes | |
| 7,659,240 | |
| Total | |
| 34,853,996 | |
The
computation of basic and dilutive net income per common unit for the period from June 10, 2025 (inception) through June 30, 2025 is
as follows (In thousands, except for share):
| | |
For the Period | |
| | |
from June 10,2025
through | |
| | |
June
30, 2025 | |
| Basic
EPS | |
| | |
| Numerator: | |
| | |
| Net Income | |
$ | 24,618 | |
| | |
| | |
| Denominator: | |
| | |
| Weighted average number of shares of common
stock outstanding-basic | |
| 3,809,524 | |
| Net income per common stock, basic | |
$ | 6.46 | |
| | |
| | |
Diluted
EPS | |
| | |
| Numerator: | |
| | |
| Net Income | |
$ | 24,618 | |
| Less: change in fair value
of conversion feature | |
$ | (10,330 | ) |
| Net Income, diluted | |
$ | 14,288 | |
| Denominator: | |
| | |
| Weighted average number of shares of common
stock outstanding-basic | |
| 3,809,524 | |
| Add: Preferred Units | |
| 24,595,238 | |
| Weighted average number
of shares of common stock outstanding-diluted | |
| 28,404,762 | |
| Net income per common
stock, diluted | |
$ | 0.50 | |
|