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
Our
common stock is quoted on the NYSE American under the symbol “MTNB”.
On
March 31, 2025, the closing sale price of our common stock, as reported by the NYSE MKT, was $0.51 per share and we had approximately
97 record holders of our common stock. The number of record holders was determined from the records of our transfer agent and does not
include beneficial owners of common stock whose shares are held in the names of various security brokers, dealers, and registered clearing
agencies. VStock Transfer, LLC is the transfer agent and registrar for our common stock.
Dividends
We
have never paid or declared any cash dividends on our common stock, and we do not anticipate paying any cash dividends on our common
stock in the foreseeable future. We intend to retain all available funds and any future earnings to fund the development and expansion
of our business. Any future determination to pay dividends will be at the discretion of our board of directors and will depend upon a
number of factors, including our results of operations, financial condition, future prospects, contractual restrictions, restrictions
imposed by applicable law and other factors our board of directors deems relevant.
Recent
Sales of Unregistered Securities
On February 13, 2025, we sold in a private placement
an aggregate of 1,650 shares of our Series C Convertible Preferred Stock, initially convertible into up to 2,815,702 shares of common
stock, and warrants to purchase up to an aggregate of 5,631,404 shares of common stock for gross proceeds of $1.65 million.
As part of the private placement, on April 8, 2025, we sold an aggregate
of 1,650 shares of our Series C Convertible Preferred Stock, initially convertible into up to 2,815,702 shares of common stock, and warrants
to purchase up to an aggregate of 5,631,404 shares of common stock for gross proceeds of $1.65 million.
Repurchases
of Equity Securities by the Issuer and Affiliated Purchasers
We
did not purchase any of our registered securities during the period covered by this Annual Report.
Item
6.
[Reserved]
55
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.