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
Recent
Sales of Unregistered Securities
In
December 2024, the Company received net proceeds of $200,000 for the sale of 150,000 shares of common stock, as part of a Securities
Purchase Agreement and Strata Purchase Agreement with ClearThink Capital Partners, LLC. As a condition of the right of the Company
to commence sales of its Purchase Shares to ClearThink Capital under the Strata Purchase Agreement, the Company issued to ClearThink
Capital under the terms of the Securities Purchase Agreement, 100,000 restricted shares of Giftify’s common stock and an effective
registration statement covering the resale of the Purchase Shares.
Market
Information
On
August 6, 2024, The Nasdaq Stock Market (“Nasdaq”) granted the Company’s application for listing on the Nasdaq. Prior
to August 6, 2024, 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.
On
September 4, 2024, the Company’s Board of Directors approved and, by written consent dated September 5, 2024, the holders of a
majority of our common stock approved an amendment to our Certificate of Incorporation to change our name from RDE, Inc. to Giftify,
Inc. The change to Giftify, Inc. became effective on October 28, 2024.
On
October 25, 2024, Nasdaq announced that the change of the Company’s name to Giftify and its trading symbol to GIFT would be effective
on October 28, 2024.
The
following table sets forth the high and low bid closing prices for our common stock for the periods indicated, as reported by Nasdaq
and the OTC:QB. The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission.
High
Low
Year Ending December 31, 2024
October 1, 2024 through December 31, 2024
$ 2.54
$ 0.92
July 1, 2024 through September 30, 2024
$ 4.22
$ 0.50
April 1, 2024 through June 30, 2024
$ 4.27
$ 3.60
January 1, 2024 through March 31, 2024
$ 4.65
$ 3.25
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
Holders
As
of December 31, 2024, there were 809 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.
32
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, 2024.
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))
Plan Category
(a)
(b)
I
Equity Compensation Plans (1)
Approved by Security Holders 2019 Plan
4,121,830
$ 4.28
35,878,170
(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.