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
The Company’s common stock trades on The Nasdaq
Capital Market under the symbol “DTST”.
Holders of the Company’s Common Stock
As of March 27, 2024, we had 35 shareholders of record
of the Company’s common stock, one of which was Cede & Co., a nominee for Depository Trust Company (“DTC”). All
the shares of the Company’s common stock held by brokerage firms, banks and other financial institutions as nominees for beneficial
owners are deposited into participant accounts at DTC and are therefore considered to be held or recorded by Cede & Co. as one stockholder.
Dividend Policy
The Company has not declared or paid dividends
on common stock since its formation and does not anticipate paying dividends in the foreseeable future. The declaration or payment
of dividends, if any, in the future, will be at the discretion of Data Storage’s Board of Directors and will depend on the
then- current financial condition, results of operations, capital requirements and other factors deemed relevant by the Board.
Each share of Series A Preferred Stock entitles its holder to receive cash dividends at a rate of ten percent (10%) per annum on
the original issue price, compounding annually, in preference to holders of common stock. Preferred dividends are accrued quarterly.
No Preferred shares are outstanding, and no dividends have been paid to date since retiring in May 2021 one shareholder.
Recent Sales of Unregistered Securities
The Company did not sell any equity securities
during the fiscal year ended December 31, 2023 that were not registered under the Securities Act, other than as previously disclosed
in its filings with the Securities and Exchange Commission (the “SEC”).
Issuer Purchases of Equity Securities
There were no issuer purchases of equity securities
during the year ended December 31, 2023.
Equity Compensation Plan Information
See Part II-Item 12 under the heading “Security
Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters-Equity Compensation Plan Information” of this
Annual Report on Form 10-K for equity compensation plan information.
ITEM 6. RESERVED
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