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
The
information regarding our equity compensation plans required by this Item is found in Item 12 of this report.
Market
Information
Our
common stock trades on The Nasdaq Capital Market under the symbol “CTXR.”
Holders
of Common Stock
As
December 27, 2023, we had approximately 92 stockholders of record of our common stock.
Dividends
We
have never paid dividends on our common stock. We intend to follow a policy of retaining earnings, if any, to finance the growth of our
business and do not anticipate paying any cash dividends in the foreseeable future. The declaration and payment of future dividends on
the common stock will be at sole discretion of our Board of Directors and will depend on our profitability and financial condition, capital
requirements, statutory and contractual restrictions, future prospects and other factors deemed relevant by the Board.
Recent
Sales of Unregistered Securities
In
August 2023, we extended the term by one year to August 14, 2024 for an aggregate of 3,921,569 warrants with an exercise price of $1.15
per share of common stock. The warrants are held by Leonard Mazur, the Company’s Chief Executive Officer and Chairman of the Board
of Directors, and Myron Holubiak, the Company’s Executive Vice President and a member of the Board of Directors, and were originally
issued in August 2018 in a private placement conducted simultaneously with a registered direct offering of shares of common stock (the
“2018 Offering”) managed by H. C. Wainwright & Co., LLC (“Wainwright”). Mr. Mazur and Mr. Holubiak participated
in the private placement on the same basis as all other investors. Additionally, 189,412 placement agent warrants with an exercise price
of $1.5938 per share issued in connection with the 2018 Offering were extended by one year to August 8, 2024. Such placement agent warrants
are held by certain representatives of Wainwright. There are no other warrants remaining outstanding from the 2018 Offering and if such
warrants are fully exercised, the Company would receive $4,811,680 in cash proceeds.
Issuer
Purchases of Equity Securities
We
did not make any purchases of our common stock during the three months ended September 30, 2023, which is the fourth quarter of our fiscal
year.
Item
6. [Reserved]
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