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 listed on the NASDAQ Capital Market under the trading symbol “GRNQ.” Our Common Stock did not trade
prior to July 9, 2015.
On
March 30, 2023, the closing price for our Common Stock as reported on the NASDAQ Capital Market was $1.42.
As
of March 31, 2023, we had 7,875,813 shares of our Common Stock issued and outstanding. There were approximately 196 record holders of
our Common Stock. Such number does not include any shareholders holding shares in nominee or “street name”.
Dividend
Policy
We
have not declared or paid dividends on our Common Stock since our formation, and we do not anticipate paying dividends in the foreseeable
future. Declaration or payment of dividends, if any, in the future, will be at the discretion of our board of directors and will depend
on our then current financial condition, results of operations, capital requirements and other factors deemed relevant by the board of
directors. There are no contractual restrictions on our ability to declare or pay dividends.
49
Recent
Sales of Unregistered Securities
All
sales of unregistered Common Stock of the Company were made in reliance upon Section 4(a)(2) of the Securities Act, Regulation D and/or
Rule 903 of Regulation S promulgated thereunder.
During
2022, the Company did not issue any shares of its Common Stock.
Set
forth below is information regarding the Company’s issuance of Common Stock during 2021:
Date
Shares
of Common
Stock
Issued
Cash
Proceeds / Value in Kind
from
Share Issuance
Recipient(s)
of
Shares
February
26, 2021 (1)
34,259
925,000
Two
shareholders
April
7, 2021 (2)
300,000
7,206,000
One
shareholder
April
7, 2021 (3)
6,000
144,120
One
shareholder
April
16, 2021 (4)
70,474
1,642,040
One
shareholder
July
14, 2021 (5)
23,266
234,986
One
shareholder
July
19, 2021 (6)
7,953
69,191
Twenty-five
shareholders
July
26, 2021 (7)
28,150
261,793
One
shareholder
August
5, 2021 (8)
56,299
489,637
One
shareholder
August
12, 2021 (9)
64,342
521,237
One
shareholder
August
20, 2021 (10)
337,500
2,564,662
One
shareholder
August
24, 2021 (11)
337,000
3,088,268
One
shareholder
August
31, 2021 (12)
170,967
1,636,664
One
shareholder
August
31, 2021 (13)
107,500
1,029,097
One
shareholder
October
6, 2021 (14)
22,730
153,676
One
shareholder
October
8, 2021 (15)
104,273
710,200
One
shareholder
November
17, 2021 (16)
20,000
208,080
One
shareholder
1.
The
Company issued 34,259 shares of its restricted Common Stock at $27 per share, or a total of $925,000, to exercise the stock option
pursuant to Section 2.2 of a stock purchase and option agreement dated October 19, 2020, between the Company, First Bullion Holdings
Inc. (“FBHI”) and the shareholder of FBHI, on February 26, 2021.
2.
The
Company subscribed for $7,206,000 worth of Class B shares of Innovest Energy Fund (the “Fund”) by issuing 300,000 shares
of the Company’s restricted Common Stock at a price of $24.02 per share, or a total of $7,206,000 to the Fund, on April 7, 2021.
3.
The
Company issued 6,000 shares of restricted Common Stock to a designee of the Fund at a price of $24.02 per share, or a total of $144,120
to settle a subscription fee to the Fund, on April 7, 2021.
4.
The
Company fully repaid the convertible note issued to Streeterville Capital, LLC (“Streeterville”) on October 13, 2020,
by issuance of 70,474 shares of its restricted Common Stock at a conversion price of $10 per share for settlement of the principal
balance of $670,000 and accrued interest of $34,738, respectively on April 16, 2021. The market price of the Company’s Common
Stock was $23.3 per share, or at a total value of $1,642,040, on April 16, 2021.
5.
The
Company partially repaid the convertible note issued to Streeterville on January 8, 2021, by issuance of 23,266 shares of its restricted
Common Stock at a conversion price of $7.52175 per share for settlement of the principal balance of $175,000 on July 14, 2021. The
market price of the Company’s Common Stock was $10.1 per share, or at a total value of $234,986, on July 14, 2021.
6.
The
Company issued 7,953 shares of its restricted Common Stock at a price of $8.7 per share, or a total of $69,191, to redeem 347,000
shares out of total 504,750 shares of preferred stock from 25 preferred stock shareholders of Greenpro Capital Village Sdn. Bhd, on July 19, 2021.
7.
The
Company partially repaid the convertible note issued to Streeterville on January 8, 2021, by issuance of 28,150 shares of its restricted
Common Stock at a conversion price of $6.21675 per share for settlement of the principal balance of $175,000 on July 26, 2021. The
market price of the Company’s Common Stock was $9.3 per share, or at a total value of $261,793, on July 26, 2021.
8.
The
Company partially repaid the convertible note issued to Streeterville on January 8, 2021, by issuance of 56,299 shares of its restricted
Common Stock at a conversion price of $6.21675 per share for settlement of the principal balance of $350,000 on August 5, 2021. The
market price of the Company’s Common Stock was $8.697 per share, or at a total value of $489,637, on August 5, 2021.
9.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021, by issuance of 64,342 shares of its restricted
Common Stock at a conversion price of $6.21675 per share for settlement of principal balance of $400,000 on August 12, 2021. The
market price of the Company’s Common Stock was $8.101 per share, or at a total value of $521,237, on August 12, 2021.
10.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021, by issuance of 337,500 shares of its
restricted Common Stock at a conversion price of $6.21675 per share for settlement of principal balance of $2,098,153 on August 20,
2021. The market price of the Company’s Common Stock was $7.599 per share, or at a total value of $2,564,662, on August 20,
2021.
11.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021, by issuance of 337,000 shares of its
restricted Common Stock at a conversion price of $6.21675 per share for settlement of principal balance of $2,095,045 on August 24,
2021. The market price of the Company’s Common Stock was $9.164 per share, or at a total value of $3,088,268, on August 24,
2021.
12.
The
Company fully repaid the convertible note issued to Streeterville on January 8, 2021, by issuance of 170,967 shares of its restricted
Common Stock at a conversion price of $6.21675 per share for settlement of the balance of principal of $960,000 and accrued interest
of $102,857 on August 31, 2021. The market price of the Company’s Common Stock was $9.573 per share, or at a total value of
$1,636,664, on August 31, 2021.
13.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021, by issuance of 107,500 shares of its
restricted Common Stock at a conversion price of $6.21675 per share for settlement of principal balance of $668,301 on August 31,
2021. The market price of the Company’s Common Stock was $9.573 per share, or at a total value of $1,029,097, on August 31,
2021.
14.
The
Company partially repaid the convertible note issued to Streeterville on February 11, 2021, by issuance of 22,730 shares of its restricted
Common Stock at a conversion price of $4.3995 per share for settlement of principal balance of $100,000 on October 6, 2021. The market
price of the Company’s Common Stock was $6.761 per share, or at a total value of $153,676, on October 6, 2021.
15.
The
Company fully repaid the convertible note issued to Streeterville on February 11, 2021, by issuance of 104,273 shares of its restricted
Common Stock at a conversion price of $4.3995 per share for settlement of the balance of principal of $154,989 and accrued interest
of $303,758, respectively on October 8, 2021. The market price of the Company’s Common Stock was $6.811 per share, or at a
total value of $710,200, on October 8, 2021.
16.
The
Company issued 20,000 shares of its restricted Common Stock at a price of $10.404 per share, or a total of $208,080, to settle marketing
expense to Mr. Dennis Burns, on November 17, 2021.
Equity
Compensation Plan Information
We
have not adopted or approved an equity compensation plan. None of options, warrants or other convertible securities have been granted
outside of an approved equity compensation plan.
Transfer
Agent and Registrar
The
transfer agent for our capital stock is VStock Transfer, LLC, with an address at 18 Lafayette Place, Woodmere, NY 11598, telephone number
is 212-828-8436.
50
ITEM
6. [Reserved]