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
Our common stock, par value $0.001 per share, is publicly traded on the Nasdaq Capital Market under the symbol “LPTX” since January 24, 2017. Prior to that time, there was no market for our common stock.
Holders of Record
As of March 20, 2025, there were approximately 41 holders of record of our common stock. The actual number of stockholders is greater than this number of record holders, and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers and other nominees. This number of holders of record also does not include stockholders whose shares may be held in trust by other entities.
Dividends
We have never declared or paid cash dividends on our common stock, and we do not expect to pay any cash dividends on our common stock in the foreseeable future. We currently intend to retain our future earnings, if any, to fund the development and growth of our business. Payment of future dividends, if any, on our common stock will be at the discretion of our board of directors after taking into account various factors, including our financial condition, operating results, anticipated cash needs, and plans for expansion.
Securities Authorized for Issuance Under Equity Compensation Plans
Information regarding our equity compensation plans and our securities authorized for issuance thereunder is set forth herein under Part III, Item 12 below.
Recent Sales of Unregistered Securities
Set forth below is information regarding sales of equity securities made by us during the period covered by the report that were not registered under the Securities Act, except for those unregistered sales of equity securities made by us that were previously disclosed in the Current Report on Form 8-K filed on April 11, 2024.
In the fourth quarter of 2024, we issued 41,289 shares of our common stock to investors upon exercise by such investors of warrants held by such investors that we had previously issued to them in transactions that were exempt from the registration requirements of the Securities Act pursuant to either Rule 506 of Regulation D promulgated under the Securities Act or Section 4(2) of the Securities Act. The exercise price of these warrants was $2.82 per share. Some of these warrants were exercised on a net issue basis for an aggregate of 14,532 shares of our common stock and the other warrants were exercised for an aggregate of 26,757 shares of our common stock by making payment of the applicable cash exercise price. The offer, sale and issuance of the shares of our common stock issued to the holders of these warrants upon their exercise were exempt from the registration requirements of the Securities Act pursuant to either Section 3(a)(9) of the Securities Act in the case of those warrants exercised on a net issue basis or Section 4(2) of the Securities Act in the case of those warrants exercised on a cash basis.
Purchases of Equity Securities
We did not purchase any of our registered equity securities during the fourth quarter of the fiscal year covered by this Annual Report on Form 10-K.
Item 6. Reserved .
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