AerSale Corp 10-K

ITEM 5 MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Our common stock is currently listed on the Nasdaq Capital Market under the symbol “ASLE”. Holders of Record of our Common Stock As of February 24, 2023, there were 6,516 holders of record of our common stock. ​ Dividends We have not paid any cash dividends on our common stock to date. Any decision to declare and pay dividends in the future will be made at the discretion of our Board of Directors and will depend on, among other things, our results of operations, financial condition, cash requirements, contractual restrictions, statutory requirements, and other factors that our Board of Directors may deem relevant. Currently, our Amended and Restated Credit Agreement limits our ability to pay cash dividends. Accordingly, we are prohibited from declaring any cash dividends to holders of our common stock without amending or modifying the terms of our credit facility. Purchases of Equity Securities by the Issuer or Affiliated Purchasers We may, from time to time, purchase our outstanding shares of common stock through cash purchases and/or exchanges for equity or debt, in open-market purchases, privately negotiated transactions or otherwise. Such purchases or exchanges, if any, will be upon such terms and at such prices as we may determine, and will depend on prevailing market conditions, our liquidity requirements, legal and regulatory considerations, contractual restrictions and other factors. Purchases, if any, will be funded through our available cash from operations. The amounts involved may be material. ​ ​ ​ ​ 32 Table of Contents ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fiscal Period ​ Total Number of Shares Purchased ​ Average Price Paid per Share ​ Total Number of Shares Purchased as Part of Publicly Announced Plans ​ Approximate Dollar Value of Shares that May Yet Be Purchased Under Publicly Announced Plans October 1-31, 2022 ​ - ​ ​ - ​ - ​ - November 1-30, 2022 (1) ​ 1,500,000 ​ $ 14.8025 ​ - ​ - December 1-31, 2022 ​ - ​ ​ - ​ - ​ - ​ ​ 1,500,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) On November 8, 2022, the Board of Directors approved the repurchase, directly from the selling stockholders, of 1,500,000 shares of the Company’s common stock. The repurchase was made pursuant to that certain Share Repurchase Agreement, dated November 14, 2022, by and among the Company and Green Equity Investors CF, L.P., Green Equity Investors Side CF, L.P., LGP Associates CF, LLC and Florida Growth Fund LLC, at a price of $14.8025 per share for a total of $22,203,750. The repurchase was funded through cash on hand and the shares were retired. ​ Recent Sales of Unregistered Securities None. Performance Graph The following graph compares the cumulative total stockholder return for (i) our common stock, (ii) the Standard & Poor’s 500 Stock Index (“S&P 500”) and (iii) the S&P 500 Aerospace & Defense Index (“S&P A&D”) for the period from February 28, 2019, the first day Monocle’s common stock was traded following its initial public offering, through December 31, 2022. For the period between February 28, 2019 through December 22, 2020 the figures relate to Monocle’s common stock, and for the period between December 23, 2020 through December 31, 2020, the figures relate to AerSale Corporation’s common stock. The graph assumes an initial investment of $100 in Monocle’s common stock and in each of the S&P 500 and S&P A&D at the market close on February 28, 2019, and assumes reinvestment of dividends. This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of AerSale Corporation under the Securities Act or the Exchange Act. ​ ​ The information required by Item 5 with respect to securities authorized for issuance under equity compensation plans is incorporated herein by reference to Part III, Item 12 of this Form 10-K. ​ PART II 33 Table of Contents ​ ITEM 6 [RESERVED.] ​