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 is listed on The Nasdaq Capital Market under the symbol “ERNA.”
Holders
of Common Stock
As
of March 10, 2025, there were approximately 146 stockholders of record of our common stock. The number of stockholders of record is
based upon the actual number of holders registered on our books at such date. A substantially greater number of holders of our common
stock are “street name” or beneficial holders, whose shares are held by banks, brokers and other financial institutions.
Preferred
Stock
We
have 156,112 shares of Series A Preferred Stock issued and outstanding. The Series A Preferred Stock provides for a cumulative annual
dividend of 10 cents per share, payable in semi-annual installments in June and December. Dividends may be paid in cash or in shares
of our common stock. In 2024, we paid approximately $8,000 in cash and issued approximately 11,000 shares of common stock as payment
of the dividends to the holders of our Series A Preferred Stock. We expect to pay the dividends on our Series A Preferred Stock in accordance
with its terms.
Dividend
Policy
We
have not declared or paid any cash dividends on our common stock. We currently do not anticipate paying any cash dividends in the foreseeable
future. Any future determination to declare cash dividends will be made at the discretion of our board of directors, subject to applicable
laws and contractual limitations, and will depend on our financial condition, results of operations, capital requirements, general business
conditions and other factors that our board of directors may deem relevant.
Securities
Authorized for Issuance under Equity Compensation Plans
Information
about our equity compensation plans is incorporated herein by reference to Item 12 of Part III of this report.
32
Recent
Sales of Unregistered Securities
We
did not sell any unregistered securities during the period covered by this report that were not previously reported in a Quarterly Report
on Form 10-Q or Current Report on Form 8-K.
Issuer
Purchases of Equity Securities
None.
ITEM
6. [Reserved]
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