Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (Tables)

v3.24.1
Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Anti-Dilutive Securities that Could Potentially be Dilutive in Future

The table below represents the anti-dilutive securities that could potentially be dilutive in the future for the periods presented:

 

 

 

As of December 31,

 

(in shares of common stock)

 

2023

 

 

2022

 

Stock options

 

 

1,005,949

 

 

 

1,673,042

 

Restricted stock units

 

 

21,042,928

 

 

 

20,117,746

 

FP Combination Warrants

 

 

8,291,704

 

 

 

8,291,704

 

Combination Warrants

 

 

2,763,902

 

 

 

2,763,902

 

Public Warrants

 

 

19,221,960

 

 

 

19,221,960

 

Private Placement Warrants

 

 

78,000

 

 

 

78,000

 

2027 Warrants

 

 

17,253,279

 

 

 

17,253,279

 

RDO Warrants

 

 

29,000,000

 

 

 

 

Placement Agent Warrants

 

 

2,030,000

 

 

 

 

CMPO Warrants

 

 

23,214,290

 

 

 

 

CMPO Placement Agent Warrants

 

 

1,625,000

 

 

 

 

PIPE Investment Obligation

 

 

9,868,421

 

 

 

14,240,506

 

Conversion Option Derivative

 

 

38,733,878

 

 

 

 

Schedule of Computations of Basic and Diluted Net Loss Per Share

The computations of basic and diluted net loss per share for the periods presented were as follows:

 

 

 

Years Ended December 31,

 

(in thousands, except per share and share amounts)

 

2023

 

 

2022

 

Net loss - basic

 

$

(151,843

)

 

$

(163,980

)

Effect of dilutive potential shares

 

 

-

 

 

 

(23,771

)

Net loss - diluted

 

$

(151,843

)

 

$

(187,751

)

 

 

 

 

 

 

 

Weighted-average shares outstanding - basic

 

 

170,076,500

 

 

 

128,261,443

 

Dilutive potential shares

 

 

-

 

 

 

5,861,388

 

Weighted-average shares outstanding - diluted

 

 

170,076,500

 

 

 

134,122,831

 

 

 

 

 

 

 

 

Net loss per share - basic

 

$

(0.89

)

 

$

(1.28

)

Net loss per share - diluted

 

$

(0.89

)

 

$

(1.40

)