Item 5. Market for Registrant’s Common Equity
Item
5. Market for Common Equity, Related Stockholder Matters and Small Business Issuer Purchases of Equity Securities.
Market
Information
Our
Class A Common Stock and Warrants are currently listed on Nasdaq under the symbols “FBYD” and “FBYDW”, respectively.
Trading of our Class A Common Stock and Warrants began on October 6, 2023.
Holders
As of April 23, 2024, there were 210 holders of record of our Class A
Common Stock, four holders of record of our Class B Common Stock and one holder of record of our Warrants. We believe that the actual
number of holders of our Class A Common Stock and Warrants is greater than the number of record holders and includes holders of our
Class A Common Stock and Warrants whose shares of Class A Common Stock or Warrants are held in street name by brokers and other
nominees.
Dividends
We
have not paid any cash dividends on our shares of common stock to date. It is the present intention of the Board to retain all earnings,
if any, for use in the Company’s business operations and, accordingly, the Board does not anticipate declaring any dividends in
the foreseeable future. The payment of cash dividends in the future will be dependent upon our revenue and earnings, if any, capital
requirements, and general financial condition. The payment of any cash dividends is within the discretion of the Board. Further, our
ability to declare dividends may be limited by the terms of financing or other agreements entered into by us or our subsidiaries from
time to time, including certain consent rights in connection with the Strategic Investment.
Recent
Sales of Unregistered Securities
All unregistered sales of equity securities during
the covered period were disclosed on a Current Report on Form 8-K or a Quarterly Report on Form 10-Q.
Item
6. [Reserved]
58
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