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Net Loss Per Common Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Common Share Net Loss per Common Share
Net loss per share calculations and share amounts for all periods prior to the Business Combination presented below have been retrospectively adjusted for the equivalent number of shares outstanding immediately after the closing of the Business Combination to effect the reverse recapitalization. Subsequent to the Business Combination, net loss per share was calculated based on the weighted average number of common stock then outstanding.
The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except number of shares and per share information):
Three months ended
September 30,
Nine months ended
September 30,
2022202120222021
Numerator:
Net loss$(74,499)$(64,584)$(95,882)$(217,074)
Less: Net loss attributable to convertible and exchangeable preferred stockholders— — (3,886)— 
Net loss attributable to common stockholders$(74,499)$(64,584)$(91,996)$(217,074)
Denominator:
Weighted average basic common shares outstanding215,682,346 12,204,601 202,513,880 11,472,291 
Add: Dilutive effect of outstanding stock awards— — — — 
Weighted average diluted common shares outstanding215,682,346 12,204,601 202,513,880 11,472,291 
Net loss per common share:
Basic$(0.35)$(5.29)$(0.45)$(18.92)
Diluted$(0.35)$(5.29)$(0.45)$(18.92)
The following potential common shares outstanding were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive:
September 30,
20222021
Options to purchase common stock
32,655,185 26,178,842 
Common stock subject to repurchase or forfeiture
2,043,262 2,563,110 
Outstanding MSUs14,499,972 — 
Redeemable convertible preferred stock(1)
— 111,257,435 
Exchangeable shares
20,834,164 32,310,553 
Total common stock equivalents
70,032,583 172,309,940 
____________
(1)Includes the warrants reclassified to equity as of September 30, 2022 and those issued in connection with the 2018 Loan and Security Agreement and related amendment as of December 31, 2021.