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
We expect that effective April 10, 2026, our common stock will commence trading on the OTCID Basic Market tier of the OTC Markets Group under the symbol "BMTM". From August 19, 2022, through the present, our common stock traded on the OTCQB Market tier under the symbol "BMTM". From September 19, 2021, through August 18, 2022, the Company’s common stock was traded on the OTC Expert Market tier under the symbol "BMTM".
The Company’s common stock trades at very low volumes. There were 405 holders of record of the Company's common stock as of March 19, 2026. The closing price of our common stock as reported on the OTCQB Market on December 31, 2025, was $0.01 per share.
The following table sets forth the high and low bid prices per share of our common stock as reported by the OTC Markets for the periods indicated. The following quotations reflect inter-dealer prices, without retail mark-up, markdown or commission, and may not necessarily represent actual transactions.
December 31, 2025
High
Low
1st Quarter
$
0.04
$
0.03
2nd Quarter
$
0.04
$
0.03
3rd Quarter
$
0.04
$
0.03
4th Quarter
$
0.04
$
0.003
December 31, 2024
High
Low
1st Quarter
$
0.14
$
0.05
2nd Quarter
$
0.14
$
0.05
3rd Quarter
$
0.11
$
0.05
4th Quarter
$
0.05
$
0.04
Dividend Policy
The Company has paid or accrued dividends on shares of preferred stock pursuant to the terms of such preferred stock. The Company has never declared nor paid any cash dividends on its common stock, and we do not expect to pay any cash dividends in the foreseeable future. We currently intend to retain all available funds and any future earnings to fund the development and growth of our business. The decision whether to pay cash dividends on our common stock will be made within the sole discretion of the Board, and will depend on the Company’s financial condition, results of operations, capital requirements and other factors that the Board considers significant. There can be no assurance that any dividends on our common stock will ever be paid. In addition, except in certain limited circumstances, the Credit Agreement to which the Company is a party prohibits the Company from paying any dividend or other distribution (whether in cash, securities or other property) with respect to its capital stock.
Any future loan arrangements we enter into may also contain terms prohibiting or limiting the amount of dividends that may be declared or paid on our common stock.
Recent Sales of Unregistered Securities
None.
Repurchases of Equity Securities
None.
ITEM 6. RESERVED
29
Table of Contents
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.