Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
−Removed: The Company’s common stock began trading on the NYSE on December 27, 2007, under the stock ticker symbol “FTK.” As of the close of business on March 13, 2023, there were approximately 8,782 holders of record.
−Removed: The Company’s closing sale price of the common stock on the NYSE on March 21, 2023 was $0.84.
+Added: The Company’s common stock trades on the NYSE under the stock ticker symbol “FTK.” As of the close of business on March 6, 2024, there were approximately 7,649 holders of record of our common stock.
+Added: 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.
The Company has never declared or paid cash dividends on common stock.
−Removed: While the Company regularly assesses the dividend policy, the Company has no current plans to declare dividends on its common stock.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: Equity compensation plan information relating to equity securities authorized for issuance under individual compensation agreements at December 31, 2022, is as follows:
−Removed: Plan Category Number of Securities to be
−Removed: Issued Upon Exercise of
−Removed: Outstanding Options,
−Removed: Warrants and Rights (1)
−Removed: Weighted-Average Exercise
−Removed: Price of Outstanding
−Removed: Options, Warrants and Rights (2)
−Removed: Number of Securities
−Removed: Remaining Available for
−Removed: Future Issuance Under
−Removed: Equity Compensation Plans
−Removed: (Excluding Securities
−Removed: Reflected in Column(a))
−Removed: Equity compensation plans approved by security holders 5,849,554 $ 1.16 2,767,906
−Removed: (1) Includes shares for outstanding stock options (3,821,875 shares), restricted stock awards (2,299,679 shares), and restricted stock unit share equivalents (228,000 shares).
−Removed: (2) The weighted-average exercise price is for outstanding stock options only and does not include outstanding restricted stock awards, restricted stock unit equivalents, and rights that have no exercise price.
+Added: The Company has no current plans to declare dividends on its common stock.
+Added: As discussed in Note 13 - “Stockholders’ Equity” in Part II, Item 8 of this Annual Report, the Company completed a 1-to-6 Reverse Stock Split on September 25, 2023.
+Added: Unless otherwise noted, references to the number of shares outstanding and issuances under compensation plans have been retroactively adjusted to give effect to the Reverse Stock Split.
Unregistered Sales of Equity Securities
−Removed: The PIPE transaction, Contract Consideration Convertible Notes Payable and Prefunded Warrants (Note 10, “Debt and Convertible Notes Payable” and Note 14, “Stockholders’ Equity” of the Notes to Consolidated Financial Statements contained in Part II, Item 8) were exempted from the registration under the Securities Act of 1933, as amended (the “Securities Act”) in reliance on Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and in reliance on similar exemptions under applicable state securities laws.
+Added: During the year ended December 31, 2023, the Company did not have any sales of securities in transactions that were not registered under the Securities Act of 1933, as amended, that have not been reported on Form 8-K or Form 10-Q.
Issuer Purchases of Equity Securities
8 unchanged sentences
(1) The Company purchases shares of its common stock (a) to satisfy tax withholding requirements and payment remittance obligations related to period vesting of restricted shares and exercise of non-qualified stock options and (b) to satisfy payments required for common stock upon the exercise of stock options.
−Removed: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.