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
The Company’s common stock has been quoted
on a tier of the OTC Markets Group, currently on the OTC Pink and previously on the OTCQB, where it is quoted under the symbol “BOXS”.
The last reported sales price of BoxScore’s
common stock on the OTC Pink on March 29, 2022 was $0.01.
Issued and Outstanding Shares
The Company’s certificate of incorporation authorizes
600,000,000 shares of common stock, par value $0.001, and 10,000,000 shares of preferred stock, par value $0.001. As of March 29, 2022,
the Company had 385,568,143 shares of common stock, and no shares of preferred stock, issued and outstanding.
Stockholders
As of March 29, 2022, the Company had approximately
700 record holders of its common stock. This number does not include the number of persons whose shares are in nominee or in “street
name” accounts through brokers.
Dividend Policy
The Company did not pay dividends during the years
ended December 31, 2021 and 2020. BoxScore has never declared or paid any cash dividends or distributions on our common stock and intend
to retain future earnings, if any, to support our operations and to finance expansion. Therefore, it does not anticipate paying any cash
dividends on the common stock in the foreseeable future.
Stock Transfer Agent and Warrant Agent
The Company’s stock transfer agent is Equiniti., 3200 Cherry Creek Drive South, Suite 430, Denver, Colorado 80209. BoxScore acts as its own warrant agent for its
outstanding warrants.
Recent Issuances of Unregistered Securities
None.
Shares Repurchased by the Registrant
The Company did not purchase or repurchase any of its securities in
the years ended December 31, 2021 and 2020.
Securities Authorized for Issuance under Equity Compensation Plans
On July 22, 2011, the Board of Directors of the
Company approved the Company’s 2011 Equity Incentive Plan (the “Plan”) and on July 26, 2011, stockholders holding a
majority of shares of the Company approved, by written consent, the Plan and the issuance under the Plan of 5,000,000 shares. On November
16, 2017, the Board of Directors approved an increase of 10,000,000 shares to be made available for issuance under the Plan. Accordingly,
the total number of shares of common stock available for issuance under the Plan is 15,000,000 shares. Awards may be granted to employees,
officers, directors, consultants, agents, advisors and independent contractors of the Company and its related companies. Such options
may be designated at the time of grant as either incentive stock options or nonqualified stock options. Stock based compensation includes
expense charges related to all stock-based awards. Such awards include options, warrants and stock grants. Generally, the Company issues
stock options that vest over three years and expire in 5 to 10 years.
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The Company records share based payments under
the provisions of FASB ASC 718. Stock based compensation expense is recognized over the requisite service period based on the grant date
fair value of the awards. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing
model on certain assumptions. The Company estimated the expected volatility based on data used by peer group of public companies. The
expected term was estimated using the simplified method. The risk-free interest rate assumption was determined using the equivalent U.S.
Treasury bonds yield over the expected term. The Company has never paid any cash dividends and does not anticipate paying any cash dividends
in the foreseeable future. Therefore, the Company assumed an expected dividend yield of zero.
The following table sets forth information as
of December 31, 2021 regarding equity compensation plans under which the equity securities are authorized for issuance.
Equity Plan Compensation Information
Plan Category
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
under equity
compensation
Plans
Equity compensation plans approved by securities holders (1)
-
$ -
15,000,000
Total
-
15,000,000
(1) Pursuant
to the 2011 Equity Incentive Plan, as amended.
ITEM 6 - [RESERVED].
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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.