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 information
Our common shares and Warrants to purchase
common shares trade on The Nasdaq Capital Market under the symbols “BCTX” and “BCTXW”, respectively, since
February 24, 2021 and on the Toronto Stock Exchange (“TSX”) under the symbol “BCT” since December 31, 2021,
and prior to that, on the TSX Venture Exchange from December 3, 2014.
Number of Shareholders
As of October 27, 2022, we have approximately 24 shareholders
of record of our common shares.
Dividend Policy
Historically, we have not paid any dividends to the
holders of shares of our common shares and we do not expect to pay any such dividends in the foreseeable future as we expect to retain
our future earnings for use in the operation and expansion of our business.
Issuer Purchases of Equity
Securities
On September 9, 2021, the Board
authorized a securities repurchase program through September 27, 2022 of (i) up to 1,341,515 common shares and (ii) up to 411,962
Warrants in total, representing 10% of the 13,415,154 common shares and 10% of the 4,119,622 Warrants comprising the “public
float” as of September 8, 2021. The program expired in September 2022.
We expect to execute the securities repurchase
program primarily in open market transactions on the TSX or Nasdaq, subject to market conditions.
The Company most recently repurchased its
common shares in January 2022 and did not repurchase any common shares during its fourth fiscal quarter.
The following table contains information for the
Warrants repurchased during the three months ended July 31, 2022.
Month
Total Number of Warrants Purchased
Average
Price Paid
Per
Warrant
Total Number of Warrants Purchased as Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Warrants that May Yet Be Purchased Under the Plans or Programs
May 2022
14,821
$ 2.52
219,261
$ 485,607
June 2022
9,550
$ 2.65
228,881
485,165
July 2022
14,512
$ 2.66
243,323
438,461
Total
38,883
$ 2.60
243,323
$ 438,461
ITEM 6.
Not applicable.
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.