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Net Loss per Share Applicable to Common Shareholders, Basic and Diluted (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Net Loss Per Common Share

The following table sets forth the computation of net loss per common share (in thousands, except share data and per share amounts):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net loss

 

$

(12,225

)

 

$

(74,609

)

 

$

(76,173

)

 

$

(139,702

)

Weighted-average number of common shares used in net loss per share applicable to common shareholders, basic and diluted

 

 

12,970,898

 

 

 

7,813,573

 

 

 

11,908,406

 

 

 

3,967,882

 

Net loss per share applicable to common shareholders, basic and diluted

 

$

(0.94

)

 

$

(9.55

)

 

$

(6.40

)

 

$

(35.21

)

 

Schedule of Anti-dilutive Potential Common Shares Excluded from Computation of Diluted net Loss Per Share

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Excluded securities:

 

 

 

 

 

 

 

 

 

 

 

 

Options to purchase common shares

 

 

1,782,689

 

 

 

229,616

 

 

 

1,782,689

 

 

 

229,616

 

Warrants to purchase common shares

 

 

2,072,104

 

 

 

 

 

 

2,072,104

 

 

 

 

Restricted stock units

 

 

704,245

 

 

 

434,351

 

 

 

704,245

 

 

 

434,351

 

Unvested RSPAs

 

 

42,435

 

 

 

66,613

 

 

 

42,435

 

 

 

66,613

 

Convertible notes (as converted to common shares)

 

 

190,476

 

 

 

190,476

 

 

 

190,476

 

 

 

190,476

 

Mandatory Convertible Security

 

 

18,760,850

 

 

 

 

 

 

8,021,172

 

 

 

 

Total common shares equivalents

 

 

23,552,799

 

 

 

921,056

 

 

 

12,813,121

 

 

 

921,056