Item 5. Market for Registrant’s Common Equity
Item 5. Market for Common Equity, Related Stockholder Matters and Issuer Purchase of Equity Securities.
The following tables set forth, for the periods indicated, the range of high and low sale prices for our common stock. Our common stock trades on the NASDAQ Capital Market under the symbol BLIN.
Year Ended September 30, 2020
High
Low
Fourth Quarter
$
3.62
$
1.59
Third Quarter
$
2.95
$
0.63
Second Quarter
$
1.85
$
0.53
First Quarter
$
2.24
$
1.33
Year Ended September 30, 2019
High
Low
Fourth Quarter
$
3.11
$
1.76
Third Quarter
$
16.00
$
2.25
Second Quarter
$
15.50
$
7.70
First Quarter
$
59.00
$
11.00
We have not declared or paid cash dividends on our common stock and do not plan to pay cash dividends to our common shareholders in the near future. As of December 17, 2020, our common stock was held of record by approximately 2,440 shareholders. Most of the Company’s shares of common stock are held in street name through one or more nominees.
16
Recent Sales of Unregistered Securities; Use of Proceeds From Registered Securities
The following summarizes all sales of our unregistered securities during the year ended September 30, 2020 for which more information is disclosed on our Form 8-Ks. The securities in the below-referenced transactions were (i) issued without registration and (ii) were subject to restrictions under the Securities Act and the securities laws of certain states, in reliance on the private offering exemptions contained in Sections 4(a)(2), 4(a)(6) and/or 3(b) of the Securities Act and on Regulation D promulgated there under, and in reliance on similar exemptions under applicable state laws as transactions not involving a public offering. Unless stated otherwise, no placement or underwriting fees were paid in connection with these transactions.
(1)
On February 13, 2019, the Company entered into an Asset Purchase Agreement with Seevolution, Inc., a Delaware corporation, and Elisha Gilboa, an individual and shareholder of Seevolution, (the “Asset Purchase”). The Company issued 40,000 shares of Bridgeline Digital common stock as partial consideration for the Asset Purchase.
Item 6. Selected Financial Data.
Not required.
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.