Item 5. Market for Registrant’s Common Equity
ITEM 5
MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
(in thousands, except share and per share data)
Janel Corporation’s common stock is traded on the Pink tier of the OTC market under the symbol “JANL.”
The following table sets forth the high and low bid prices for the common stock for each full quarterly period during the fiscal years indicated. The prices reflect the high and low bid prices
as available through the Pink tier of the OTC market and represent prices between dealers. They do not reflect retailer markups, markdowns or commissions and may not represent actual transactions.
Fiscal Quarter
Fiscal Year 2021
Fiscal Year 2020
High
Low
High
Low
First Quarter, ended December 31,
$
8.00
$
3.00
$
8.57
$
5.97
Second Quarter, ended March 31,
$
17.50
$
4.51
$
8.50
$
5.97
Third Quarter, ended June 30,
$
18.00
$
11.00
$
8.05
$
3.00
Fourth Quarter, ended September 30,
$
19.00
$
14.00
$
10.00
$
3.00
On September 30, 2021, the Company had 58 holders of its shares of common stock. This amount does not include “street name” holders or beneficial holders of our common stock, whose holders of
record are banks, brokers and other financial institutions.
The closing price of the common stock on that date was $23.00
per share.
Common Stock Dividends
We have not declared, and currently do not plan to declare in the foreseeable future, dividends on our common stock.
Series B Convertible Preferred Stock (“Series B Stock”)
The Company has 31 shares of Series B Stock outstanding as of September 30, 2021.
Series C Cumulative Preferred Stock (“Series C Stock”)
In August 2021, the board of directors approved an increase in the number
of shares of Series C Stock, from 20,000 shares to 30,000 shares. On September 30, 2021, the Company sold 1,200 shares of Series C Stock to an accredited investor at a purchase price of $500 per share, or an aggregate of $600,000. The Company has 20,960 shares of Series C Stock outstanding as of
September 30, 2021.
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ITEM 6
RESERVED
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the is authoritative for anything you rely on.