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.
Market
Our shares of common stock are quoted on the OTCQB operated by OTC Markets Group Inc. under the symbol “MEEC”, and began trading on the TSX Venture Exchange (“TSXV”) on July 10, 2023 also under the symbol “MEEC”. As it relates to the OTCQB, over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.
Recent Sales of Unregistered Securities
None.
Share Repurchase Program
We purchased no equity securities during year ended December 31, 2023, and have no program in place at the present time to buy any equity securities in the future.
Holders
As of April 16, 2024, there were 396 stockholders of record of our common stock. The number of holders of record does not include holders who are beneficial owners, but whose securities are held in “nominee” or “street name” by brokers or other nominees. The approximate number of beneficial stockholders is estimated to be 2,900.
Dividends
We have not declared any cash dividends to date and have no current plan to do so in the foreseeable future.
Transfer Agent
The transfer agent and registrar for our common stock is Transfer Online, Inc., 512 SE Salmon Street, Portland, Oregon 97214. The co-transfer agent and registrar for our common stock in Canada is TSX Trust Company at its offices in Toronto, Ontario, Canada.
Equity Compensation Plan Information
The following table shows information, as of December 31, 2023, with respect to each equity compensation plan under which our common stock is authorized for issuance:
Number of securities to
be issued upon exercise of outstanding options,
warrants and rights
Weighted-average
exercise price of
outstanding options,
warrants and rights
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
Plan Category
(a)
(b)
(c)
Equity compensation plans approved by security holders, terminated
4,775,000
$ 0.75
0
Equity compensation plans approved by security holders
12,262,500
$ 0.45
1,635,587
Total
17,037,500
$ 0.53
1,635,587
20
Table of Contents
Item 6. [Reserved].
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.