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.
Market Information
Shares of our common stock, $0.01 par value per share, are quoted under the symbol “HGBL” on the Nasdaq Stock Market.
Holders
As of March 1, 2021, we had approximately 346 holders of common stock of record.
Dividends
To date, we have not paid dividends on our common stock nor do we anticipate that we will pay dividends in the foreseeable future. As of December 31, 2020, we do not have any preferred stock outstanding which has any preferential dividends.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table sets forth, as of December 31, 2020, information with respect to equity compensation plans (including individual compensation arrangements) under which our securities are authorized for issuance.
Plan Category (1)
Number of securities to be issued upon exercise of outstanding options, warrants and rights
Weighted-average
exercise price of
outstanding options, warrants and rights
Number of
securities
remaining available
for future issuance
under equity
compensation plans (excluding
securities reflected
in column (a))
(a)
(b)
(c)
Equity compensation plans approved
by security holders:
Heritage Global Inc. 2016 Stock Option Plan
2,071,850
$
0.60
501,019
Equity compensation plans not
approved by security holders:
2010 Non-Qualified Stock Option Plan
1,100,000
$
0.57
150,000
Accredited Personnel Stock Option Plan
344,375
$
0.96
Total
3,516,225
$
0.63
651,019
(1)
For a description of the material terms of these plans, see Note 16 to our consolidated financial statements included in “Item 15. Exhibits and Financial Statement Schedules” of this Report.
Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities.
In connection with an agreement entered on November 25, 2019, we issued 75,000 shares of our common stock to Maxim Group LLC for services rendered. We issued an additional 205,000 shares of our common stock to Maxim Group LLC on September 4, 2020 in connection with the same agreement. These securities were issued in reliance on the exemption set forth in Section 4(a)(2) of the Securities Act of 1933, as amended.
Issuer Purchases of Equity Securities.
None.
16
Item 6. Selected Financial Data.
As a Smaller Reporting Company, we are electing scaled reporting obligations and therefore are not required to provide the information requested by this Item.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.