Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

Net Loss per Share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Net Loss per Share Net Loss per Share
The table below presents a reconciliation of the basic and diluted net loss per share that were computed for the following periods:    
March 31,
2024 2023
Net loss attributable to Canoo $ (110,687) $ (90,732)
Less: dividend on redeemable preferred stock 862  — 
Less: additional deemed dividend on redeemable preferred stock —  — 
Net loss available to common shareholders $ (111,549) $ (90,732)
Weighted-average common shares outstanding:
Basic and diluted 50,746  18,177 
Net loss per common share:
Basic and diluted $ (2.20) $ (4.99)

For all periods presented, the shares included in computing basic net loss per share exclude restricted shares and shares issued upon the early exercise of share options where the vesting conditions have not been satisfied.

Diluted net income per share adjusts basic net income per share for the impact of potential Common Stock shares. As the Company has reported net losses for all periods presented, all potential Common Stock shares are antidilutive, and accordingly, basic net loss per share equals diluted net loss per share.
The following table presents the outstanding potentially dilutive shares that have been excluded from the computation of diluted net loss per share, because including them would have an anti-dilutive effect (in thousands):
March 31,
2024 2023
Convertible debt (Note 9) 20,595  — 
Restricted and performance stock units 4,174  1,251 
Warrants to purchase common stock (Note 15) 27,268  — 
Early exercise of unvested stock options —  17 
Options to purchase common stock