Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Our Class A common stock and public warrants are
listed on the Nasdaq Global Market tier of The Nasdaq Stock Market LLC (the “Nasdaq”), under the symbols “AMOD”
and “AMODW,” respectively. During the years ending December 31, 2024 and 2023, there was limited or sporadic trading of our
common stock, and, therefore, the high and low trading price information for our shares for each quarter for the last two years, through
the year ended December 31, 2024, as reported by OTCMarkets.com, is as follows:
2024 FISCAL YEAR
High
Low
First Quarter
$ 10.79
$ 10.68
Second Quarter
$ 11.9899
$ 10.77
Third Quarter
$ 11.5
$ 11.27
Fourth Quarter
$ 13.49
$ 2.2
2023 FISCAL YEAR
High
Low
First Quarter
$ 10.71
$ 10.07
Second Quarter
$ 10.43
$ 10.19
Third Quarter
$ 10.77
$ 10.4015
Fourth Quarter
$ 10.79
$ 10.50
Record Holders
As of March 10, 2025, there were 12,476,780 shares
of our Class A common stock issued and outstanding, which shares were owned by approximately 109 holders of record, based on information
provided by our transfer agent.
Dividend Policy
We have never declared a cash dividend on our
common stock and our Board of Directors does not anticipate that we will pay cash dividends in the foreseeable future. Any future determination
to pay cash dividends will be at the discretion of our board of directors and will depend upon our financial condition, operating results,
capital requirements, restrictions contained in our agreements and other factors which our Board of Directors deems relevant.
Recent Sales of Unregistered Securities
On or about December 13, 2024, simultaneously
with the closing of the Business Combination, the Company issued (i) Janbella Group, LLC 1,392,308 shares of Class A common stock, (ii)
Michael Singer 125,000 shares of Class A common stock, (iii) Cantor Fitzgerald & Co. 210,000 shares of Class A common stock, and
(iv) Odeon Capital Group, LLC 90,000 shares of Class A common stock. The Company issued the foregoing securities under Section 4(a)(2)
of the Securities Act of 1933, as amended (the “Securities Act”), and/or Rule 506 of Regulation D promulgated under the Securities
Act, as a transaction not requiring registration under Section 5 of the Securities Act. The parties receiving the securities represented
their intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution,
and appropriate restrictive legends were affixed to the certificates representing the securities (or reflected in restricted book entry
with the Company’s transfer agent). The parties also had adequate access, through business or other relationships, to information
about the Company.
On January 5, 2025, the Company issued 2,632 shares
of Class A common stock to each of the four non-employee directors for the quarterly issuance set out in the director agreements. These
shares were valued on the closing price of the Company’s common stock on December 13, 2024 (merger date) at $9.50 per share.
On January 5, 2025, the Company issued 11,000 shares
of Class A common stock to two individuals for services rendered as a bonus for their diligence and efforts with the merger. These shares
were valued at the closing price of the Company’s common stock on January 3, 2025 at $2.51 per share.
Item 6. Selected Financial Data.
We are a smaller reporting
company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
We reserve the right not to provide the Selected Financial Data in our future filings.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.