Athena Technology Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Equity and Loss Per Share (Tables)

Equity and Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted losses per share (“EPS”) were as follows:


	Three Months Ended March 31,
$ in thousands, except per share and share data	2022		2021
Numerator
Net loss	$	(58,968)	$	(4,056)
Denominator
Weighted-average common shares outstanding	183,949,912		9,763,675
Weighted-average impact of Project Warrants and Collaboration Warrants(1)	81,103		—
Denominator for basic EPS – weighted-average shares	184,031,015		9,763,675
Effect of dilutive securities	—		—
Denominator for diluted EPS – weighted-average shares	184,031,015		9,763,675

EPS – Basic	$	(0.32)	$	(0.42)
EPS – Diluted	$	(0.32)	$	(0.42)

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(1)The Project Warrants and Collaboration Warrants each have a $0.01 exercise price and are assumed to be exercised when vested because common shares issued for little consideration upon exercise of these warrants are included in outstanding shares for the purposes of computing basic and diluted EPS.