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 OTC Pink under the symbol “DWAY”. The following table sets forth the quarterly high and low daily close for our common stock for the two years ended September 30, 2024 and 2023. There is a very limited market for the Company’s common stock Price Range High Low Year ended September 30, 2024 First Quarter $ 0.10 $ 0.0004 Second Quarter $ 0.11 $ 0.0025 Third Quarter $ 0.09 $ 0.02 Fourth Quarter $ 0.11 $ 0.04 Year ended September 30, 2023 First Quarter $ 0.13 $ 0.03 Second Quarter $ 0.13 $ 0.02 Third Quarter $ 0.04 $ 0.02 Fourth Quarter $ 0.04 $ 0.00 Holders At February 24, 2025 , the Company had 113,951,722 outstanding shares of common stock and 143 shareholders of record. 9 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 In May 2024, the Company issued 750,000 shares of its common stock to an accredited investor for $15,000 in gross proceeds. The issuance to the investor relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder concerning the issuance of restricted stock. In May 2024, the Company issued 1,000,000 shares of its common stock to a lender as a commitment fee. The fair market value of the common stock on the date of grant was $70,000. The issuance to the investor relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder concerning the issuance of restricted stock. In July 2024, the Company issued 400,000 shares of its common stock to four accredited investors for $8,000 in gross proceeds. The issuance to the investor relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder concerning the issuance of restricted stock. On July 12, 2024, the Company sold a warrant to purchase 5,000,000 shares of the Company’s common stock at an exercise price of $0.00001 to an investor for $50,000. The warrant has no expiration date. The investor has the option of funding the Company with two additional tranches of $50,000. The second tranche of $50,000 is due within 60 days of the first funding date of July 12, 2024. On August 19, 2024, the Company received the funding for the second tranche and issued to the investor a cash warrant to purchase up to 666,666 shares of Common Stock at an exercise price of $0.08 per share. The warrant has no expiration date. In November 2024, the Company issued 250,000 shares of its common stock to an accredited investor for $5,000 in gross proceeds. The issuance to the investor relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder concerning the issuance of restricted stock. At any time 90 days after the second tranche funding date the investor may invest an additional $50,000 and the Company will issue to the investor a pre-funded warrant to purchase up to 2,500,000 shares of Common Stock in the and a cash warrant to purchase up to 333,333 shares of Common Stock at an exercise price of $0.08 per share. The warrant does not have an expiration date. The issuance to the investor relied on the exemption from registration provided by Section 4(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated thereunder concerning the issuance of restricted stock. Purchase of Equity Securities by the Issuer and Affiliated Purchasers We did not repurchase any securities during the fiscal year ended September 30, 2024. Item 6. Selected Financial Data As a smaller reporting company, we are not required to provide the information required by this Item.