Driveitaway Holdings, Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities Market Price for Equity Securities Our common stock is quoted on the over the counter market under the symbol “CLCN.” The following table sets forth the quarterly high and low daily close for our common stock for the two years ended September 30, 2019 and 2020. The bids reflect inter dealer prices without adjustments for retail mark-ups, mark-downs or commissions and may not represent actual transactions. There is a very limited market for the Company’s common stock Price Range High Low Year ended September 30, 2019 First Quarter $ 0.24 $ 0.12 Second Quarter $ 0.13 $ 0.08 Third Quarter $ 0.11 $ 0.06 Fourth Quarter $ 0.07 $ 0.06 Year ended September 30, 2020 First Quarter $ 0.09 $ 0.03 Second Quarter $ 0.12 $ 0.08 Third Quarter $ 0.17 $ 0.05 Fourth Quarter $ 0.34 $ 0.10 The over the counter market does not impose listing standards or requirements, does not provide automatic trade executions and does not maintain relationships with quoted issuers. A company traded on the over the counter market may face loss of market makers and lack of readily available bid and ask prices for its stock and may experience a greater spread between the bid and ask price of its stock and a general loss of liquidity with its stock. In addition, certain investors have policies against purchasing or holding over the counter market. Both trading volume and the market value of our securities have been, and will continue to be, materially affected by the trading on the over the counter market. Holders At December 21, 2020, the Company had 13,298,310 outstanding shares of common stock and 128 shareholders of record. Dividends Holders of common stock are entitled to receive dividends as may be declared by the Company’s Board. The Company’s Board is not restricted from paying any dividends but is not obligated to declare a dividend. No dividends have ever been declared, and it is not anticipated that dividends will be paid in the foreseeable future. Any indebtedness the Company incurs in the future may also limit its ability to pay dividends. Investors should not purchase the Company’s common stock with the expectation of receiving cash dividends. Recent Sales of Unregistered Securities We did not issue any securities in unregistered transactions during the fourth quarter of the fiscal year covered by this report. Purchase of Equity Securities by the Issuer and Affiliated Purchasers We did not repurchase any securities in the fourth quarter of the fiscal year covered by this report. Item 6. Selected Financial Data As a smaller reporting company, we are not required to provide the information required by this Item. 17