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
Until
January 13, 2022, our common stock was traded under OTC Market Group’s OTCQB. Since January 13, 2022, our common stock has been
listed for trading on The Nasdaq Stock Market LLC under the symbol “CISO.”
As
of December 31, 2022, there were 752 holders of record of our common stock, and the last reported sale price of our common stock on
The Nasdaq Stock Market LLC on March 27, 2023 was $0.2972. A significant number of shares of our common stock are held in either
nominee name or street name brokerage accounts, and consequently, we are unable to determine the total number of beneficial owners
of our common stock.
Dividend
Policy
To
date, we have paid no dividends on our common stock and do not expect to pay cash dividends in the foreseeable future. We plan to retain
all earnings to provide funds for the operations of our company. In the future, our Board of Directors will decide whether to declare
and pay dividends based upon our earnings, financial condition, capital requirements, and other factors that our Board of Directors may
consider relevant. We are not under any contractual restriction as to present or future ability to pay dividends.
Unregistered
Sales of Equity Securities
In 2022, we issued to Smile on
Friday’s an aggregate amount of 398,000 shares of our common stock in exchange for providing marketing and investor relations services.
In April 2022, we issued 186,000
shares of our common stock to 1 st PMG Capital Corporation in exchange for brokerage and advisory services provided in connection
with our acquisition of Arkavia.
In May and September 2022, we
issued 62,000 and 98,256 shares of our common stock, respectively to HFG Capital Investments, LLC in exchange for providing advisory services
to us related to our acquisitions of Arkavia, CUATROi, and NLT Secure.
In September 2022, we issued
165,563 shares of our common stock to Hybrid Financial in exchange for providing investor relations services over a period of one-year.
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.