Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities.
Market
Information
Our
common stock is presently traded on The Nasdaq Capital Market under the symbol “ MGRX ”. As of the date of this filing
we had 5,168,796 shares of common stock issued and outstanding.
Holders
According
to the records of our transfer agent, as of the date of this Report, there were approximately 40 record holders of our common stock.
The number of record holders does not include beneficial owners of common stock whose shares are held in the names of banks, brokers,
nominees, or other fiduciaries.
Dividends
We
have never paid any cash dividends on our common stock. We currently anticipate that we will retain all future earnings for use in our
business. Consequently, we do not anticipate paying any cash dividends in the foreseeable future. The payment of dividends in the future
will depend upon our results of operations, as well as our short-term and long-term cash availability, working capital, working capital
needs, and other factors as determined by our Board of Directors. Currently, except as may be provided by applicable laws, there are
no contractual or other restrictions on our ability to pay dividends if we were to decide to declare and pay them.
Recent
sales of unregistered securities
There
have been no sales of unregistered securities during the quarter ended December 31, 2024, and from the period from January 1, 2025 to
the filing date of this Report which have not previously been disclosed in a Current Report on Form 8-K or Quarterly Report on Form 10-Q.
Issuer
Repurchases of Equity Securities
None.
Item
6. [Reserved]
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