Mama's Creations, Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. (a) Market Information Our shares of common stock are currently quoted on the NASDAQ under the symbol “MMMB” The following table sets forth (i) the intra-day high and low sales price per share for our common stock, as reported on the OTCQB, for the fiscal years ended January 31, 2021 and January 31, 2022. The quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission, and may not represent actual transactions. Fiscal Year Ended January 31, 2021 High Low First Quarter $ 0.84 $ 0.64 Second Quarter $ 0.69 $ 0.43 Third Quarter $ 0.82 $ 0.38 Fourth Quarter $ 1.50 $ 0.57 Fiscal Year Ended January 31, 2022 High Low First Quarter $ 3.15 $ 1.82 Second Quarter $ 3.35 $ 2.20 Third Quarter $ 2.80 $ 2.21 Fourth Quarter $ 2.75 $ 1.73 The market price of our common stock, like that of other early-stage companies, is highly volatile and is subject to fluctuations in response to variations in operating results, announcements of new products, or other events or factors. Our stock price may also be affected by broader market trends unrelated to our performance. (b) Holders As of April 28, 2022, there were approximately 75 record holders of our common stock and there were 35,758,792 shares of our common stock issued and outstanding. This figure does not take into account those shareholders whose certificates are held in the name of broker-dealers or other nominees. Please see SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT for information related to the holdings of certain beneficial owners and management of the Company. (c) Dividends Preferred Stock . The holders of the Series A Convertible Preferred were entitled to receive dividends at a rate of eight percent (8%) per annum payable quarterly in cash or Company Common Stock at the option of the holder. All outstanding shares of Series A Convertible Preferred Stock automatically converted to Company Common Stock on July 27, 2017 and no shares of Preferred Stock are currently issued and outstanding. Common Stock. The declaration of any future cash dividends is at the discretion of our board of directors and depends upon our earnings, if any, our capital requirements and financial position, general economic conditions, and other pertinent conditions. We have not paid any cash dividends to the holders of our Common Stock and it is not our present intention to pay any cash dividends on our Common Stock in the foreseeable future, but rather to reinvest earnings, if any, in our business operations. (d) Securities Authorized for Issuance under Equity Compensation Plans At the present time, we have 450,000 shares of common stock authorized for issuance under our equity compensation plan. For more information on our equity compensation plan please refer to the Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2013. 10 Recent Sales of Unregistered Securities Below is a list of securities sold by us from February 1, 2021 through January 31, 2022 which were not registered under the Securities Act. Common Stock : The Company issued an aggregate of 148,061 Shares during this period, all of which were the result of the exercise of then-outstanding stock options. The securities issued in the abovementioned transactions were issued in connection with a Consulting Agreement and were exempt from the registration requirements of Section 5 of the Securities Act of 1933, as amended, pursuant to the terms of Section 4(2) of that Act. Item 6. Selected Financial Data. Pursuant to permissive authority under Regulation S-K, Rule 301, we have omitted Selected Financial Data.