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
shares of common stock are currently quoted on the NYSE American under the symbol “BUDA.”
Holders
As
of March 26, 2026, there were approximately 12 record holders of our common stock and there were 13,066,666 shares of our common stock
issued and 12,566,666 outstanding. This figure does not take into account those shareholders whose certificates are held in the name
of broker-dealers or other nominees.
Dividend
Policy
The
declaration of any future cash dividends is at the discretion of our Board of Directors and depends upon our earnings, if any, our capital
requirements and financial position, general economic conditions, and other pertinent conditions. We have not paid any cash dividends
to the holders of our common stock, and it is not our present intention to pay any cash dividends on our common stock in the foreseeable
future, but rather to reinvest earnings, if any, in our business operations.
Recent
Sales of Unregistered Securities
The
Company has not sold any securities within the past three years which were not registered under the Securities Act.
Use
of Proceeds from Registered Securities
On
January 9, 2026, we completed our initial public offering pursuant to which we issued and sold 2,666,667 shares of our common stock,
including 306,667 additional shares pursuant to the exercise in full by the underwriters of their option to purchase shares of common
stock from the Company), at a price to the public of $7.50 per share. The offer and sale of all of the shares of our common stock in
the initial public offering (IPO) were registered under the Securities Act pursuant to our Registration Statement on Form S-1, as amended
(File No. 333-289874), which were declared effective by the SEC on January 7, 2026 . Public Ventures, LLC d/b/a MDB Capital Holdings,
LLC acted as the sole book-running manager for the offering. Shares of our common stock began trading on NYSE American on January 8,
2026.
There
has been no material change in the expected use of the net proceeds from our IPO as described in our final prospectus filed with the
SEC on January 8, 2026 pursuant to Rule 424(b)(4).
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
There
were no issuer purchases of equity securities during the year ended December 31, 2025.
Securities
Authorized for Issuance under Equity Compensation Plans
The
information required by Item 5 of this Annual Report regarding equity compensation plans is incorporated herein by reference to Item
12 of Part III of this Form 10-K.
ITEM
6. [RESERVED]
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