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 trades on the Nasdaq Stock Market under the symbol
“ISPR.”
Holders of Record
As
of September 24, 2024, we had approximately 19 holders of record of our Common Stock. Because most of our shares of Common Stock held
by persons other than our original stockholders are held by brokers and other institutions on behalf of stockholders, this number is
not indicative of the total number of stockholders who beneficially own our stock.
Dividend Policy
We have never declared or paid any cash dividends
on our capital stock. We do not anticipate paying cash dividends on our Common Stock in the foreseeable future. We currently intend to
retain all available funds and any future earnings to support our operations and finance the growth and development of our business. Any
future determination related to our dividend policy will be made at the discretion of our board of directors and will depend upon, among
other factors, our results of operations, financial condition, capital requirements, contractual restrictions, business prospects, the
requirements of current or then-existing debt instruments and other factors our board of directors may deem relevant. One of our subsidiaries
declared a dividend payable to its then sole stockholder, Tuanfang Liu, our co-chief executive officer. See Item 13. Certain Relationships
and Related Transactions, and Director Independence
Securities Authorized
for Issuance under Equity Compensation Plan
The following table sets forth information concerning
securities authorized under equity compensation plans as of June 30, 2024.
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))
Plan Category
(a) (1)
(b) (1)
(c)
Equity compensation plans approved by security holders
3,255,000
$ 9.11
10,063,178
Equity compensation plans not approved by security holders
-
-
-
Total
3,255,000
$ 9.11
10,063,178
(1) Excludes 1,681,822 shares of Common Stock reserved under the 2022 Equity
Incentive Plan, subject to the issuance of restricted stock units (“RSUs”) and performance stock units (“PSUs”).
Recent Sales of Unregistered Securities
There were no unregistered securities to report
which have not been previously included in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.
ITEM 6. [Reserved]
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