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 traded on the Nasdaq under the symbol “MINM”. The closing price of our common stock on Nasdaq
was $0.11 per share on March 29, 2023. As of March 29, 2023, there were 47,188,378 shares of our common stock outstanding and 128
holders of record of our common stock.
Dividend
Policy
We
have never declared or paid cash dividends on our capital stock and do not plan to pay any cash dividends in the foreseeable future.
Our current policy is to retain all of our earnings to finance future growth. In addition, pursuant to the SVB Loan Agreement, which
was executed on March 12, 2021, as amended on December 12, 2022, we cannot pay any dividends without SVB’s prior written consent.
Repurchases
by the Company
During
the fiscal year ended December 31, 2022, we did not repurchase any shares of our common stock.
Equity
Compensation Plan Information
Information
required by this part is hereby incorporated by reference from our definitive proxy statement for our 2023 annual meeting of stockholders
which will be filed with the SEC within 120 days after the close of our fiscal year.
ITEM
6 – SELECTED FINANCIAL DATA - [Reserved]
23
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