Cineverse Corp. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES COMMON STOCK Our 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 Common Stock as reported by Nasdaq for the periods indicated: For the Fiscal Year Ended March 31, 2022 2021 HIGH LOW HIGH LOW April 1 – June 30 $ 1.71 $ 1.14 $ 3.20 $ 0.32 July 1 – September 30 $ 2.63 $ 1.08 $ 2.49 $ 0.55 October 1 – December 31 $ 2.84 $ 1.16 $ 1.09 $ 0.45 January 1 – March 31 $ 1.25 $ 0.64 $ 2.33 $ 0.69 The last reported closing price per share of our Common Stock as reported by Nasdaq on June 29, 2022 was $0.53 per share. As of June 29, 2022, there were 59 holders of record of our Common Stock, not including beneficial owners of our 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 Common Stock or Class B Common Stock and do not anticipate paying any on our Common Stock in the foreseeable future. Any future payment of dividends on our 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, 2022. SALES OF UNREGISTERED SECURITIES None. PURCHASE OF EQUITY SECURITIES There were no purchases of shares of our Common Stock made by us or on our behalf during the year ended March 31, 2022 and 2021. 23 ITEM 6. [Reserved]