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 quoted on The Nasdaq Capital Market (“Nasdaq”) under the symbol “PALT.” Our common stock was
quoted on the OTCQB under the symbol “PALT” during the 2020 fiscal year, the first two fiscal quarters of 2021 and for a
portion of the third quarter of 2021. We completed an uplist to Nasdaq on August 3, 2021.
The
following table sets forth the range of the quarterly high and low bid price information for the fiscal quarters indicated below as reported
by Nasdaq or the OTCQB, as applicable. Except for trading on Nasdaq, there is no established public trading market for our common stock.
High
Bid*
Low
Bid*
($)
($)
2021
Fourth
Quarter
$ 13.57
$ 2.82
Third
Quarter
$ 15.20
$ 2.78
Second
Quarter
$ 3.63
$ 2.35
First
Quarter
$ 4.37
$ 1.48
2020
Fourth
Quarter
$ 1.72
$ 0.67
Third
Quarter
$ 2.70
$ 0.85
Second
Quarter
$ 6.00
$ 0.60
First
Quarter
$ 1.43
$ 0.76
* The
over-the-counter market quotations of the bid prices reflect inter-dealer prices, without
retail mark-up, markdown or commission, and may not necessarily represent actual transactions.
The
market price of our common stock is subject to significant fluctuations in response to variations in our quarterly operating results,
general trends in the market, and other factors, over many of which we have little or no control. In addition, broad market fluctuations,
as well as general economic, business and political conditions, may adversely affect the market for our common stock, regardless of our
actual or projected performance.
Holders
As of March 21, 2022, there were approximately
53 holders of record of our common stock. This does not reflect the number of persons or entities who held stock in nominee or street
name through various brokerage firms.
Recent
Sales of Unregistered Securities
There
were no sales of unregistered securities during the year ended December 31, 2021 that were not previously reported on a Quarterly Report
on Form 10-Q or a Current Report on Form 8-K.
Issuer
Purchases of Equity Securities
We
did not repurchase any of our equity securities during the fourth quarter of the fiscal year ended December 31, 2021.
ITEM
6. Reserved
24
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