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 stock is traded on The Nasdaq Capital Market, or Nasdaq, under the symbol “CYCC”. Our 6% convertible exchangeable
preferred stock currently trades on Nasdaq under the symbol “CYCCP”.
Holders
of Common Stock
We
effected a 15:1 reverse stock split of our common stock on December 18, 2023 (the “Reverse Stock Split”). All share and per
share information has been retroactively adjusted to give effect to the Reverse Stock Split for all periods presented, unless otherwise
indicated.
On
March 24, 2025, we had approximately 14 registered holders of record of our 863,901 shares of common stock outstanding. On March 24,
2025, the closing sale price of our common stock as reported by Nasdaq was $76.80 per share.
Dividends
We
have never declared nor paid any cash dividends on our common stock and do not currently anticipate declaring or paying any cash dividends
on our outstanding shares of common stock in the foreseeable future. We are, however, required to make or accrue quarterly dividend payments
on our Preferred Stock. Except for dividends that may be paid on the Preferred Stock, we currently intend to retain all of our future
earnings, if any, to finance operations. Any future determination relating to our dividend policy will be made at the discretion of our
Board of Directors and will depend on a number of factors, including future earnings, capital requirements, financial conditions, future
prospects, contractual restrictions and other factors that our Board of Directors may deem relevant.
Unregistered
Sales of Securities
None.
Issuer
Purchases of Equity Securities
None.
Item
6. [Reserved]
66
Table of Contents
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