Financial Gravity Companies, Inc. 10-K

Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASE OF EQUITY SECURITIES. Market Information The Company’s Common Stock is currently traded in the over-the-counter market and quoted under the symbol FGCO. Holders The approximate number of stockholders of record of the Company’s Common Stock on September 30, 2021 was 87. Dividends The Company has never paid any cash dividends on its common stock, and it is anticipated that none will be paid in the foreseeable future. Recent Sales/Issuance of Unregistered Securities During the year ended September 30, 2021, 8,000,000 shares of common stock were issued in connection with the NCW acquisition transaction. During the year ended September 30, 2020, an aggregate of 75,757 shares of the Company’s common stock have been sold for $25,000, 116,375 shares in stock options were exercised for $182 and 382,931 shares were issued for $50,000 in services rendered to the Company. As a result of the merger with Forta, 41,607,315 shares of stock have been issued to Forta shareholders as of September 30, 2021 with a total of 4,178,564 that remain unissued. As a result of the merger with NCW Group, Inc., 8,000,000 shares were issued to NCW shareholders as of September 30, 2021. The sales of the securities identified above were made pursuant to privately negotiated transactions that did not involve a public offering of securities and, accordingly, the Company believes that these transactions were exempt from the registration requirements of the Securities Act pursuant to Section 4(2) thereof. Each investor represented that such investor either (A) is an “accredited investor,” (B) has such knowledge and experience in financial and business matters that the investor is capable of evaluating the merits and risks of acquiring the shares of the Company’s common stock, or (C) appointed an appropriate person to act as the investor’s purchaser representative in connection with evaluating the merits and risks of acquiring the shares of the Company’s common stock. The investors received written disclosures that the securities had not been registered under the Securities Act and that any resale must be made pursuant to a registration or an available exemption from such registration. All of the foregoing securities are deemed restricted securities for purposes of the Securities Act. The Company’s option grants were effected pursuant to Rule 701 promulgated under the Securities Act. Repurchases of Equity Securities The Company did not repurchase any of its equity securities during the years ended September 30, 2020 or 2019. Item 6. SELECTED FINANCIAL DATA. Not applicable. 7