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 Year 2022
Fiscal Year 2021
Fiscal Quarter
High
Low
High
Low
First Quarter ended December 31
$
29.00
$
15.52
$
8.00
$
3.00
Second Quarter ended March 31
$
52.00
$
16.75
$
17.50
$
4.51
Third Quarter ended June 30
$
47.00
$
25.00
$
18.00
$
11.00
Fourth Quarter ended September 30
$
57.11
$
28.00
$
19.00
$
14.00
On September 30, 2022, the Company had 60 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 September 30, 2022 was $53.06 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.
Common Stock
On August 10, 2022, the Company issued 88,888 shares of its Common Stock, par value $0.001 per share, at a purchase price of $45 per share (the closing sale price per share of Common Stock on August
9, 2022) as reported on the Pink tier of the OTC market, or an aggregate purchase price of $4,000. The Shares were sold to accredited investors in a private placement in reliance upon the exemption from registration provided by Section 4(a)(2) of
the Securities Act of 1933 and Regulation D promulgated thereunder.
Series C Cumulative Preferred Stock (“Series C Stock”)
On March 31, 2022, the Company purchased 4,687 shares of the Series C Stock from two holders at a purchase price of $500 per share plus accrued and unpaid dividends, or an aggregate of $3,000, and
exchanged 4,905 shares of Series C Stock plus accrued and unpaid dividends from one holder, for the issuance of 65,205 shares of the Company's Common Stock, par value $0.001 per share valued at $47.00 per share of Common Stock (the closing price
for the Common Stock on March 30, 2022), or a total value of $3,065. The Company had 11,368 shares of Series C Stock outstanding as of September 30, 2022.
ITEM 6.
RESERVED
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