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 traded on Nasdaq under the
symbol “PALT.”
Holders
As of March 15, 2023, there were approximately
52 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, 2022 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
The following table details our repurchases of common stock during
the three months ended December 31, 2022:
Period
Total
Number of
Shares
Purchased (1)
Average
Price Paid
Per Share
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
Maximum
Approximate
Dollar Value
of Shares that
May Yet Be
Purchased
Under the
Plans or
Programs
(in millions)
October 1, 2022 – October 31, 2022
170,009
$ 1.48
170,009
$ 1.48
November 1, 2022 – November 30, 2022
80,974
$ 1.49
80,974
$ 1.49
December 1, 2022 – December 31, 2022
36,736
$ 1.44
36,736
$ 1.44
Total
287,719
$ 1.48
287,719
$ 1.48
(1)
On March 23,
2022, we announced that our Board of Directors approved a stock repurchase plan, effective March 29, 2022, to repurchase up to $1,750,000
of our outstanding common stock for cash. The stock repurchase plan expires on March 29, 2023.
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.