Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.23.4
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Summarizes Sales of Our Class A Common Stock
The table below summarizes sales of our Class A common stock under the ATM program:
($ in thousands) August 2021 (Inception) through
September 30, 2023
Class A shares sold* 97,262 
Gross proceeds $ 12,684 
Fees paid to sales agent $ 381 
Net proceeds $ 12,303 

*After giving effect to the Reverse Stock Splits.
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share of our Class A common stock is as follows (in thousands, except per share amounts):
Three months ended September 30, Nine months ended September 30,
(in thousands, except per share data) 2023 2022 2023 2022
Numerator:
Net loss $ (10,098) $ (137,245) $ (27,869) $ (170,475)
Less: Net loss attributable to non-controlling interests 19  (6,742) (27) (12,516)
Plus: Deemed Dividend on "October 2022 Standard Warrants"
$ (388) $ —  $ (388) $ — 
Net loss attributable to Class A common stockholders $ (10,505) $ (130,503) $ (28,230) $ (157,959)
Denominator:
Weighted average shares of Class A common stock outstanding* 5,513  657  2,918  569 
Net loss per share of Class A common stock - basic and diluted* $ (1.91) $ (198.51) $ (9.67) $ (277.41)
*After giving effect to the Reverse Stock Splits.