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 was quoted on the OTCPink tier of the OTC Markets under the symbol “BWMG” since April 15, 2025. As of April 15, 2025, the Company common stock has traded on the Expert Market of the OTC.
On June, 2025, the
closing sale price of our common stock was $0.012 per share.
Holders
of Common Stock
As
of March 31, 2025, the Company had approximately 386 shareholders of record.
Dividends
We
have not paid any dividends on our common stock and do not anticipate paying any cash dividends in the foreseeable future. We intend
to retain any earnings, if any, to finance the growth of the business. We cannot assure you that we will ever pay cash dividends. Whether
we pay any cash dividends in the future will depend on our financial condition, results of operations and other factors that the board
of directors will consider.
Securities
Authorized for Issuance under Equity Compensation Plans
The
following table provides information regarding our equity compensation plans as of December 31, 2024:
Equity
Compensation Plan Information
Plan category
Number of
securities to be
issued upon
exercise of
outstanding
options,
warrants and rights
Weighted
average
exercise
price of outstanding
options, warrants
and rights
($)
Number of
securities
remaining
available for
future issuance
under equity
compensation
plans
Plans approved by our shareholders (1)
1,800,000
.0447
23,200,000
Plans not approved by shareholders (2)
28,869,400
.0448
-
(1)
Represents stock options granted to employees under the Equity Compensation Plan. 25,000,000
shares are reserved for issuance under such Plan.
(2)
Represents (i) a five-year option to purchase an aggregate of 21,759,400 shares of common stock at $0.0399 per share issued to Blake
Carmichael, and (ii) a five-year option to purchase 7,110,000 shares of common stock at $0.0531 per share issued to Christeen Buban,
President of SSI.
17
Recent
Sales of Unregistered Securities
There
were no sales of equity securities during the period covered by this Report that were not registered under the Securities Act and were
not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K filed by the Company.
Item
6.
Reserved
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.