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
Our
common stock is listed and traded on the Nasdaq Capital Market under the symbol “INSE”.
Holders
As
of March 13, 2023, there were 35 holders of record of our common stock. This does not include the number of stockholders who hold shares
of our common stock through banks, brokers or other financial institutions.
Recent
Sales of Unregistered Securities
None.
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
The
Company’s share repurchase activities for the three months ended December 31, 2022 were as follows (1) :
Period
Number of
shares
purchased
Average
price paid
per share (2)
Total number of
shares
purchased
as part of
publicly
announced
plans or
programs
Maximum
dollar value
of shares
that may yet
be
purchased
under the
plans or
programs
October 1, 2022 to October 31, 2022
39,469
$ 8.91
39,469
$ 14,555,517
November 1, 2022 to November 30, 2022
–
$ –
–
$ –
December 1, 2022 to December 31, 2022
–
$ –
–
$ –
39,469
$ 8.91
39,469
$ 14,555,517
(1)
On
May 10, 2022, the Company announced that its Board of Directors authorized the Company to repurchase up to $25.0 million of shares
of the Company’s common stock (the “Share Repurchase Program”), exclusive of any fees, commissions or other expenses
related to such repurchases, on or prior to May 10, 2025. The first repurchases under the Share Repurchase Program were made on May
24, 2022.
(2)
The
average price paid per share includes commissions related to the repurchases.
Dividends
We
do not currently expect to pay cash dividends on our common stock and have not paid cash dividends on our common stock to date. Any future
dividend payments are within the absolute discretion of our board of directors and will depend upon, among other things, our results
of operations, working capital requirements, capital expenditure requirements, financial condition, level of indebtedness, contractual
restrictions with respect to payment of dividends, business opportunities, anticipated cash needs, provisions of applicable law and other
factors that our board of directors may deem relevant.
ITEM
6. [Reserved]
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.