Bright Mountain Media, Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Effective August 19, 2022, our Common Stock commenced quotation for trading on the OTCQB Market 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 of the OTC Markets under the symbol "BMTM". The Company’s Common Stock trades at very low volumes. The approximate number of holders of record of the Company’s Common Stock as of March 29, 2024, was 407. The closing price of our Common Stock as reported on the OTCQB Market on December 29, 2023 was $0.12 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, 2023 High Low 1st Quarter $ 0.35 $ 0.10 2nd Quarter $ 0.14 $ 0.04 3rd Quarter $ 0.11 $ 0.06 4th Quarter $ 0.14 $ 0.06 December 31, 2022 High Low 1st Quarter (1) $ — $ — 2nd Quarter (2) $ 0.001 $ 0.001 3rd Quarter $ 1.00 $ 0.001 4th Quarter $ 0.45 $ 0.08 (1) No trading as Company was in restatement period. (2) Limited trading as Company was in restatement period. 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, any future loan arrangements we enter into may 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 28 Table of Contents