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Equity (Tables)
3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Summary of Common Stock Activity

The following table summarizes the common stock activity for the three months ended March 31, 2024 and 2023, respectively.

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

 

2023

 

Balance, beginning of period

 

 

102,832,103

 

 

 

 

101,804,454

 

Issuance of common stock

 

 

11,408,818

 

 

 

 

133,922

 

Balance, end of period

 

 

114,240,921

 

 

 

 

101,938,376

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the instruments excluded from the calculations of diluted shares outstanding because the effect of including them would have been anti-dilutive.

 

Three Months Ended March 31,

 



2024

 



2023

 

Convertible Notes

 

22,250,040

 

 

 

22,250,040

 

Common Warrants

 

15,000,000

 

 

 

-

 

Employee stock options

 

9,253,370

 

 

 

12,044,231

 

Private Warrants

 

3,914,525

 

 

 

3,914,525

 

Pre-Funded Warrants

 

3,750,000

 

 

 

-

 

Senior Secured Term Loan Warrants

 

1,500,000

 

 

 

1,500,000

 

Restricted stock and RSUs

 

1,316,383

 

 

 

2,142,515

 

Performance stock

 

127,770

 

 

 

127,770

 

Legacy Danimer options

 

125,492

 

 

 

125,492

 

Total excluded instruments

 

57,237,580

 

 

 

42,104,573