GIFTIFY, INC. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Recent Sales of Unregistered Securities Subsequent to December 31, 2023, the Company received net proceeds of $2,809,000 for the sale of 1,404,500 shares of common stock at $2.00 per share, as part of a private placement. Market Information Our common stock has been quoted on the OTC:QB under the symbol RSTN since September 25, 2020. From April 17, 2020 to September 25, 2020, our common stock was quoted on the OTC:Pink under the symbol UBID and prior thereto under the symbol QMKR. The following table sets forth the high and low bid closing prices for our common stock for the periods indicated, as reported by the OTC Pink and the OTC:QB. The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission. High Low Year Ending December 31, 2023 October 1, 2023 through December 31, 2023 $ 4.45 $ 3.15 July 1, 2023 through September 30, 2023 $ 4.60 $ 2.97 April 1, 2023 through June 30, 2023 $ 3.70 $ 2.88 January 1, 2023 through March 31, 2023 $ 3.39 $ 1.35 Year Ending December 31, 2022 October 1, 2022 through December 31, 2022 $ 3.00 $ 1.42 July 1, 2022 through September 30, 2022 $ 3.20 $ 0.20 April 1, 2022 through June 30, 2022 $ 1.61 $ 0.40 January 1, 2022 through March 31, 2022 $ 1.10 $ 0.35 Holders As of December 31, 2023, there were 1,621 holders of record of our common stock. Dividends We have not declared nor paid any cash dividend on our common stock, and we currently intend to retain future earnings, if any, to finance the expansion of our business, and we do not expect to pay any cash dividends in the foreseeable future. The decision whether to pay cash dividends on our common stock will be made by our board of directors, in their discretion, and will depend on our financial condition, results of operations, capital requirements and other factors that our board of directors considers significant. Securities Authorized for Issuance under Equity Compensation Plans The following table provides information about the common stock that may be issued upon the exercise of options, warrants and rights under all of the Company’s existing equity compensation plans as of December 31, 2023. Plan Number of Securities to be issued upon exercise of vested Options, Warrants and Rights Weighted Average Exercise Price of Outstanding Options, Warrants and Rights Number of Securities remaining available for issuance under equity compensation plans (excluding securities reflected in column (a)) Category (a) (b) I Equity Compensation Plans (1) Approved by Security Holders 2019 Plan 743,116 $ 4.43 39,256,884 (1) The only equity compensation plan approved by security holders is our 2019 Stock Incentive Plan. There are 40 million authorized shares under the 2019 Stock Incentive Plan. Purchases of Equity Securities by the Issuer and Affiliated Purchasers None. ITEM 6. SELECTED FINANCIAL DATA Not applicable. 29