| Schedule of Basic and Diluted Earnings (Loss) Per Common Share |
The following table sets forth the computation of basic and diluted earnings (loss) per common share: | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands, except share and per share amounts) | Three months ended June 30, | | Six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | | Numerator for basic earnings (loss) per share - income available to common stockholders | $ | 16,900 | | | $ | (38,273) | | | $ | (29,764) | | | $ | (74,911) | | | Add back the interest on 2027 Notes | 1,778 | | | — | | | 4,278 | | | — | | | Deduct the gain on debt extinguishment | (43,846) | | | — | | | (43,846) | | | — | | | Numerator of diluted earnings (loss) per share | $ | (25,168) | | | $ | (38,273) | | | $ | (69,332) | | | $ | (74,911) | | | | | | | | | | | Denominator: | | | | | | | | | Denominator for basic earnings (loss) per share - common shares outstanding | 320,014,255 | | | 227,275,466 | | | 277,313,038 | | | 227,048,022 | | | Add back 2027 Notes, as converted | 8,762,240 | | | — | | | 10,542,070 | | | — | | | Denominator for diluted earnings (loss) per share - adjusted weighted average shares outstanding | 328,776,495 | | | 227,275,466 | | | 287,855,108 | | | 227,048,022 | | | | | | | | | | | Basic earnings (loss) per common share | $ | 0.05 | | | $ | (0.17) | | | $ | (0.11) | | | $ | (0.33) | | | Diluted earnings (loss) per common share | $ | (0.08) | | | $ | (0.17) | | | $ | (0.24) | | | $ | (0.33) | |
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| Schedule of Potentially Dilutive Securities Not Included in Calculation of Diluted Net Loss Per Share |
The table below provides potentially dilutive securities not included in the calculation of the diluted net loss per share because to do so would be anti-dilutive (in common stock equivalent shares): | | | | | | | | | | | | | | | | | Three and six months ended June 30, | | | | 2026 | | 2025 | | | | | | 2027 Notes | — | | | 12,321,900 | | | | | | | 2030 Notes | 348,524,065 | | | — | | | | | | | Shares issuable upon exercise of stock options | 54,684,451 | | | 48,272,951 | | | | | | | Shares issuable upon exercise of Chiesi Equity Option | — | | | 22,504,930 | | | | | | | Shares issuable upon exercise of warrants | 166,464,537 | | | 32,467,360 | | | | | | | Nonvested shares under restricted stock grants | 6,557,915 | | | — | | | | | | | Total potentially dilutive securities | 576,230,968 | | | 115,567,141 | | | | | |
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