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.
Our Common Stock is currently quoted on The Nasdaq
Capital Market under the symbol “ELAB.” We had 438,987 shares of Common Stock issued and outstanding as of December 31, 2024.
Holders
of Capital Stock
As of December 31, 2024, we had 47 holders of
our Common Stock.
Stock
Option Grants
As of the date of this Annual Report, options
to purchase an aggregate of 699 Common Stock have been granted and 74 Common Stock have been issued under the 2020 Plan.
Transfer
Agent
The
transfer agent for our Common Stock is VStock Transfer, LLC. The transfer agent’s telephone number and address is (212) 828-8436
and 18 Lafayette Place Woodmere, New York 11598.
Dividends
To
date, we have not declared or paid any dividends on our Common Stock. We currently do not anticipate paying any cash dividends in the
foreseeable future on our Common Stock. Although we intend to retain our earnings, if any, to finance the exploration and growth of our
business, the board of directors of the Company (the “Board) has the discretion to declare and pay dividends in the future.
Payment
of dividends in the future will depend upon our earnings, capital requirements, and any other factors that our Board deems relevant.
Nasdaq
Compliance
On
March 6, 2024, we received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying
the Company that, based on the closing bid price of our Common Stock, for the last 30 consecutive trading days preceding each letter,
we were no longer compliant with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing
Rule 5450(a)(1) requires listed securities to maintain the Minimum Bid Price Requirement, and Nasdaq Listing Rule 5810(c)(3)(A) provides
that a failure to meet the Minimum Bid Price Requirement exists if the deficiency continues for a period of 30 consecutive trading days.
52
Recent
Sales of Unregistered Securities
Except as set forth below or in a Current Report
on Form 8-K, there were no equity securities of the registrant sold by the registrant during the period covered by this Annual Report
that were not registered under the Securities Act.
Item
6. [Reserved]
Smaller
reporting companies are not required to provide the information required by this item.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.