| Schedule of Basic and Diluted Net Loss Per Share |
The following table summarizes the computation of basic and diluted net loss per share: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Numerator: | | | | | | | | Net loss attributable to Circle8 | $ | (86,368,718) | | | $ | (10,718,169) | | | $ | (117,114,843) | | | $ | (21,462,354) | | | Less: Series B Preferred Stock dividend | (136,617) | | | — | | | (146,604) | | | — | | Plus: Gain on redemption of preferred stock | 7,144,244 | | | — | | | 7,144,244 | | | — | | | Less: Deemed dividend from accretion of redeemable NCI | — | | | — | | | (2,142,883) | | | — | | | Net loss available to Circle8 common stockholders | $ | (79,361,091) | | | $ | (10,718,169) | | | $ | (112,260,086) | | | $ | (21,462,354) | | | Denominator: | | | | | | | | | Weighted-average Circle8 common shares outstanding, basic and diluted | 80,971,660 | | 54,553,905 | | 77,508,866 | | 54,266,337 | | Net loss per share, basic and diluted | $ | (0.98) | | | $ | (0.20) | | | $ | (1.45) | | | $ | (0.40) | | | Excluded anti-dilutive shares | 127,481,264 | | 5,435,970 | | 127,481,264 | | 5,223,301 |
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