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 for Common Stock
Prior to November 13, 2023, our common stock traded on
the Nasdaq Capital Market under the symbol SQLL. Nasdaq suspended trading in our common stock effective at the open of trading on November 13,
2023 due to our failure to comply with Nasdaq Listing Rule 5550(a)(4), which required us to have a minimum of 500,000 publicly-held shares
of common stock, exclusive of shares held by officers, directors and 10% stockholders. Since November 13, 2023, our common stock
has been listed for quotation on the OTC Pink Market under the trading symbol “SEQL.”. Trading in our common stock in the
over-the-counter market has been limited and the quotations for our common stock on the OTC Pink Market are not necessarily indicative
of actual market values. During the period from November 13, 2023 to April 1, 2024, the high and low closing bid price of our common stock
on the OTC Pink Market was $6.60 and $1.40 respectively. All quotations for the OTC Pink Market reflect inter-dealer prices, without retail
mark-up, mark-down or commission and may not necessarily represent actual transactions.
On April 1, 2024, the closing bid price for our common stock on the
OTC Pink Market as reported by the quotation service operated by the OTC Markets Group was $1.40.
Holders
As of April 1, 2024, there were approximately 17 stockholders of record,
according to the records of our transfer agent, and an unknown number of additional holders of common stock held in ‘street name’.
Dividends
We have not declared any common stock dividends to date. We have no
present intention of paying any cash dividends on our common stock in the foreseeable future, as we intend to use earnings, if any, to
generate growth. The payment by us of dividends, if any, in the future, is within the discretion of our board of directors and will depend
upon, among other things, our earnings, capital requirements and financial condition, as well as other relevant factors. There are no
material restrictions in our Certificate of Incorporation, as amended, or Bylaws that restrict us from declaring dividends.
Unregistered Sales of Equity Securities
None.
Issuer Purchases of Equity Securities
None.
ITEM 6. [Reserved]
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