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
On
December 16, 2021, our common stock began trading on The Nasdaq Capital Market under the symbol “IMMX.” Prior to that time,
there was no public market for our common stock.
Stockholders
As
of March 17, 2023, there were 13 stockholders of record of our common stock. The actual number of holders of our common stock is
greater than this number of record holders, and includes stockholders who are beneficial owners, but whose shares are held in street
name by brokers or held by other nominees. This number of holders of record also does not include stockholders whose shares may be
held in trust by other entities.
Dividend
Policy
We
have never paid or declared any cash dividends on our common stock, and we do not anticipate paying any cash dividends on our common
stock in the foreseeable future. We intend to retain all available funds and any future earnings to fund the development and expansion
of our business. Any future determination to pay dividends will be at the discretion of our board of directors and will depend upon a
number of factors, including our results of operations, financial condition, future prospects, contractual restrictions, restrictions
imposed by applicable law and other factors our board of directors deems relevant.
Recent
Sales of Unregistered Securities
None.
Issuer
Purchases of Equity Securities
The
following table provides information about our purchases of equity securities during the quarter ended December 31, 2022. During the
quarter ended December 31, 2022, we repurchased 34,945 shares of our common stock at a cost
of $43,910 . We
have used available cash to finance these repurchases.
Period
Total Number of Shares Purchased
Average Price Paid per Share (1)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
(in thousands)
10/1/2022 – 10/31/2022
-
$ -
-
$ 944
11/1/2022 – 11/30/2022
34,945
$ 1.26
34,945
$ 900
12/1/2022 – 12/31/2022
-
$ -
-
$ - (3)
Total
34,945
$ 1.26
34,945
-
(1)
The average price paid per share and approximate dollar value of shares that may yet be purchased
under the share repurchase program exclude fees, commissions, and other charges for the related transactions.
(2)
On April 29, 2022, our board of directors authorized the repurchase of up to $1,000,000 shares of our common stock. Under this program,
we could repurchase shares of our common stock in the open market or through privately-negotiated transactions.
(3) The share repurchase plan became effective on
April 29, 2022 and expired on December 31, 2022. As such, as of December 31, 2022, we did not have any amount authorized for repurchase
under the share repurchase plan.
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ITEM
6. [RESERVED]