Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
CLASS
A COMMON STOCK
Our
Class A Common Stock trades publicly on The Nasdaq Global Market (“Nasdaq”), under the trading symbol “CIDM”.
The following table shows the high and low sales prices per share of our Class A Common Stock as reported by Nasdaq for the periods indicated:
For the Fiscal Year Ended March 31,
2021
2020
HIGH
LOW
HIGH
LOW
April 1 – June 30
$ 3.20
$ 0.32
$ 2.00
$ 1.29
July 1 – September 30
$ 2.49
$ 0.55
$ 1.36
$ 0.85
October 1 – December 31
$ 1.09
$ 0.45
$ 1.09
$ 0.69
January 1 – March 31
$ 2.33
$ 0.69
$ 0.82
$ 0.29
The last reported closing price per share of our
Class A Common Stock as reported by Nasdaq on July 23, 2021 was $1.46 per share. As of July 23, 2021, there were 69 holders of record of
our Class A Common Stock, not including beneficial owners of our Class A Common Stock whose shares are held in the names of various dealers,
clearing agencies, banks, brokers and other fiduciaries.
CLASS
B COMMON STOCK
On
October 31, 2017, we filed our Fifth Amended and Restated Certificate of Incorporation which, in addition to other things, eliminated
the Class B Common Stock. Accordingly, no further Class B Common Stock will be issued.
DIVIDEND
POLICY
We
have never paid any cash dividends on our Class A Common Stock or Class B Common Stock and do not anticipate paying any on our Class
A Common Stock in the foreseeable future. Any future payment of dividends on our Class A Common Stock will be in the sole discretion
of our board of directors.
The
holders of our Series A 10% Non-Voting Cumulative Preferred Stock are entitled to receive dividends. There were $89 thousand of cumulative
dividends in arrears on the Preferred Stock at March 31, 2021.
SALES
OF UNREGISTERED SECURITIES
None.
PURCHASE
OF EQUITY SECURITIES
There
were no purchases of shares of our Class A Common Stock made by us or on our behalf during the twelve months ended March 31,
2021 and 2020.
23
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.