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
Our Common Stock is listed on the NYSE American under the symbol “MITQ.”
Holders
As of September 28, 2022, there were 22 holders of record of our Common Stock.
Dividends
We have never declared or paid cash dividends on our capital stock. We currently intend to retain all of our future earnings, if any, to finance the growth and development of our business. In addition, the terms of any future debt agreements may preclude us from paying dividends. As a result, capital appreciation, if any, of our shares of common stock will be your sole source of gain for the foreseeable future.
22
Table of Contents
Issuer’s Purchases of Equity Securities
None.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table summarizes our equity compensation plan information as of June 30, 2022. We have adopted a 2019 Omnibus Incentive Stock Plan (the “2019 Plan”) and on February 24, 2022, at the annual meeting, the stockholders of the Company approved an amendment increasing the number of stock-based awards available for issuance under the 2019 Plan from 750,000 shares to 1,500,000 shares. Further information about the 2019 Plan, refer to Item 11. “Executive Compensation - 2019 Omnibus Incentive Stock Plan.”
(c)
Number of
securities
remaining
(a)
(b)
available
Number of
Weighted-
for future
securities
average
issuance
to be issued
exercise
under equity
upon
price per
compensation
exercise of
share of
plans
outstanding
outstanding
(excluding
options,
options,
securities
warrants
warrants
reflected in
Plan Category
and rights
and rights
column (a))
Equity compensation plans approved by stockholders
150,000
3.00
600,000
Equity compensation plans not approved by stockholders
—
—
—
Total
150,000
3.00
600,000
ITEM 6. RESERVED
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.