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
Price Information
Our
common stock has been listed on The Nasdaq Capital Market under the symbol “CELC” since September 20, 2017.
As
of March 12, 2024, there were approximately 55 holders of record of our common stock. The actual number of holders of common stock is
greater than this number of record holders and includes stockholders who are beneficial owners, but whose shares are held in street name
by brokers and nominees. The number of holders of record also does not include stockholders whose shares may be held in trust by other
entities.
Dividends
We
have never declared or paid any cash dividends on our common stock. We currently intend to retain our future earnings, if any, to finance
the operation and expansion of our business. We do not expect to pay cash dividends on our common stock in the foreseeable future. Payment
of future cash dividends, if any, will be at the discretion of our board of directors after taking into account various factors, including
our financial condition, operating results, current and anticipated cash needs, outstanding indebtedness and plans for expansion and
restrictions imposed by lenders, if any.
Recent
Sales of Unregistered Securities
In
November 2023, an accredited investor exercised warrants to purchase 2,369 shares of our common stock at an exercise price of $9.50 per
share, resulting in cash proceeds of approximately $22,505. No underwriters were involved in such issuance of securities. The securities
were issued to an accredited investor in reliance upon the exemption from registration requirements of the Securities Act, as set forth
in Section 4(a)(2) under the Securities Act, relative to transactions by an issuer not involving any public offering, to the extent an
exemption from such registration was required.
Issuer
Purchases of Equity Securities
None.
Equity
Compensation Plan Information
The
information required by this Item concerning equity compensation plans is incorporated herein by reference from Part III, Item 11 of
this Annual Report.
48
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.