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
IT Tech Packaging’s common stock is traded on the NYSE
American under the symbol “ITP”.
Holders
As of March 27, 2024, we
had approximately 11,000 shareholders of record of our common stock.
Dividends
On November 21, 2013, the Company declared another
quarterly dividend of $0.005 per share to shareholders of record as of November 29, 2013.
The dividend was paid on December 10, 2013. Total dividends declared
and paid for the year ended December 31, 2013 were $323,032.
We do not expect to pay
dividends in the near future. Future declaration of dividends will depend on, among other things, the Company’s results of operations,
capital requirements, financial condition and on such other factors as the Company’s Board of Directors may in its discretion consider
relevant and in the best long term interest of the shareholders.
Equity Compensation Plan Information
2021 Incentive Stock Plan
On November 12, 2021, the
Company’s Annual General Meeting adopted and approved the 2021 Omnibus Equity Incentive Plan of IT Tech Packaging, Inc.(the”2021
Plan”). Under the 2021 ISP, the Company has reserved a total of 150,000 shares of common stock for issuance as or under awards to
be made to the directors, officers, employees and/or consultants of the Company and its subsidiaries.
All shares of common stock
under the 2021 ISP, including shares originally authorized by equity holders and shares remaining for future issuance as of December 31,
2022, have been issued.
2023 Incentive Stock Plan
On October 31, 2023, the
Company’s Annual General Meeting adopted and approved the 2023 Omnibus Equity Incentive Plan of IT Tech Packaging, Inc.(the”2023
Plan”). Under the 2023 ISP, the Company has reserved a total of 1,500,000 shares of common stock for issuance as or under awards
to be made to the directors, officers, employees and/or consultants of the Company and its subsidiaries.
All shares of common stock
under the 2023 ISP, including shares originally authorized by equity holders and shares remaining for future issuance as of December 31,
2023, have been reserved.
Equity Compensation Plan
The following table provides information as of December 31,
2023 about our equity compensation plan and arrangements:
Plan category
Number
of
securities to
be issued upon
exercise
of outstanding
options
and restricted
stock units
Weighted-
average
exercise price
of
outstanding
options,
and restricted
stock units
Number of
securities
remaining
available for
future
issuance
under equity
compensation
plans
Equity compensation plans approved by security holders
-
$ -
-
Equity compensation plans not approved by security holders
-
-
-
Total
$
Recent Sales of Unregistered Securities
None.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
None.
Item 6. [Reserved]
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