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Net Loss per Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Net Loss per Share | 12. Net loss per share Net loss per share Basic net loss per share is computed by dividing net loss by the number of shares of common stock outstanding for the period. Because we have reported a net loss for the three months ended June 30, 2023, and 2022, the number of shares used to calculate diluted net loss per share is the same as the number of shares used to calculate basic net loss per share for the period presented because the potentially dilutive shares would have been antidilutive if included in the calculation. Series 1 and Series 2 have the same rights and privileges except Series 2 are not entitled to vote on any matter except as required by law. A pre-IPO preferred shareholder received Series 2 upon the conversion of their preferred shares at the time of our initial public offering, all of which were subsequently converted to shares of Series 1 common stock. There are no Series 2 shares outstanding as of June 30, 2023. Series 1 common stock is referred to as common stock throughout, unless otherwise noted. The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding because such securities have an antidilutive impact due to losses reported:
|  | As of June 30, |
(in thousands) |  | 2023 |  |  | 2022 |
Stock options outstanding |  |  | 5,688 |  |  |  | 6,064 |
Restricted stock units |  |  | 6,689 |  |  |  | 4,119 |
Acquisition related compensation (1) |  |  | 89 |  |  |  | 2,041 |
Convertible debt |  |  | 4,719 |  |  |  | 4,719 |
Total potentially dilutive securities |  |  | 17,185 |  |  |  | 16,943 |
(1) In connection with the acquisition of Feedonomics and B2B Ninja, we entered into contingent compensation arrangements for post-acquisition services. Additionally, our acquisition of Bundle included $1.5 million of contingent consideration. Of the $34.0 million to be paid as of June 30, 2023, 89,285 shares were issued in July 2023 as a result of the Bundle transaction. The remaining amount due for Feedonomics, $32.5 M was paid in cash and excluded from the above balances as discussed in Note 13, "Subsequent Events".

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