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 “BGMS”. Our 6% convertible exchangeable
preferred stock currently trades on Nasdaq under the symbol “BGMSP”.
Holders
of Common Stock
On
May 12, 2025, the Company effected a one-for-sixteen reverse stock split of its common stock and subsequently on July 7, 2025, effected
a further one-for-fifteen reverse stock split of its common stock. All share and per share data for all periods presented in the consolidated
financial statements have been retrospectively adjusted to give effect to these reverse stock splits, consistent with the treatment followed
by other public companies in similar circumstances.
On
March 24, 2026, we had approximately 3 registered holders of record of our 5,519,456 shares of common stock outstanding. On March 24,
2026, the closing sale price of our common stock as reported by Nasdaq was $1.01 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]
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.