Item 5. Market for Registrant’s Common Equity
Item
5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for Common Equity
Our common stock trades on
the Nasdaq Global Market under the symbol “CRMD.”
Based upon information furnished by our transfer
agent, at March 25, 2022, we had approximately 272 holders of record of our common stock.
A comparison of the performance of our common
stock is found in Item 12 of the report under the heading “Stock Performance Graph.”
Dividend Policy
We have never declared dividends on our equity
securities, and currently do not plan to declare dividends on shares of our common stock in the foreseeable future. We expect to retain
our future earnings, if any, for use in the operation and expansion of our business. Further, pursuant to the terms of our Series C-3,
E and G Non-Voting Convertible Preferred Stock, we may not declare or pay any dividends or make any distributions on any of our shares
or other equity securities as long as any of those preferred shares remain outstanding. Subject to the foregoing, the payment of cash
dividends in the future, if any, will be at the discretion of our Board of Directors and will depend upon such factors as earnings levels,
capital requirements, our overall financial condition and any other factors deemed relevant by our Board of Directors.
Equity Compensation Plan Information
The following table provides
information as of December 31, 2021 about our common stock that may be issued upon the exercise of options, warrants and rights under
all of our existing equity compensation plans (including individual arrangements):
Plan Category
Number of securities
to be issued upon
exercise of outstanding
options, warrants and
rights
(a)
Weighted-average
exercise price of
outstanding options,
warrants and rights
(b)
Number of
securities remaining
available for future issuance
under equity compensation
plans (excluding securities
reflected in column (a)
(c)
Equity compensation plans approved by security holders (1)
3,358,131 (2)
$
7.53 (3)
1,547,725
(1) Our 2013 Stock Incentive Plan was approved by our stockholders on July
30, 2013. Our 2019 Omnibus Stock Incentive Plan was approved by our stockholders on November 26, 2019.
(2) Consist of underlying stock options.
(3) Applicable to shares underlying outstanding stock options only.
Item 6. [RESERVED]
Not applicable.
46
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.