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
Effective
November 25, 2020, the Company’s common stock and Warrants began to trade on The Nasdaq Capital Market under the symbols “LIXT”
and “LIXTW”, respectively. Prior to November 30, 2020, the Company’s common stock traded on the OTCQB. The stock market
in general has experienced extreme stock price fluctuations in the past few years. In some cases, these fluctuations have been unrelated
to the operating performance of the affected companies. Many companies have experienced dramatic volatility in the market prices of their
common stock. The Company believes that a number of factors, both within and outside its control, could cause the price of the Company’s
common stock to fluctuate, perhaps substantially.
The
following table sets forth the range of reported closing prices of the Company’s common stock during the periods presented. Such
quotations reflect prices between dealers in securities and do not include any retail mark-up, markdown or commissions, and may not necessarily
represent actual transactions.
Low
High
Year Ended December 31, 2021
First Quarter
$ 3.05
$ 5.58
Second Quarter
$ 2.38
$ 3.37
Third Quarter
$ 2.00
$ 3.25
Fourth Quarter
$ 1.15
$ 2.08
Low
High
Year Ended December 31, 2022
First Quarter
$ 1.10
$ 2.50
Second Quarter
$ 0.70
$ 1.96
Third Quarter
$ 0.50
$ 0.89
Fourth Quarter
$ 0.48
$ 0.77
Holders
As
of March 10, 2023, the Company had 45 stockholders of record holding 16,659,093 shares of the Company’s common stock outstanding,
including 12,059,408 shares of common stock held by an indeterminate number of beneficial owners of securities whose shares are held
in the names of various depository accounts, brokerage firms and clearing agencies.
Dividends
The
Company’s dividend policy is determined by its Board of Directors and will depend upon a number of factors, including the Company’s
financial condition and performance, its cash needs and expansion plans, income tax consequences, and the restrictions that applicable
laws and any credit or other contractual arrangements may then impose. The Company has not paid any cash dividends on its common stock
to date and at the current time the Company does not anticipate paying a cash dividend on its common stock in the foreseeable future.
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Securities
Authorized For Issuance Under Equity Incentive Plans
Set
forth in the table below is information regarding awards made through compensation plans or arrangements through December 31, 2022, the
most recently completed fiscal year.
Plan
Category
Number
of securities to be issued upon exercise of outstanding options, warrants and rights
Weighted
average price of outstanding options, warrants and rights
Number
of securities remaining available for future issuance under compensation plans (excluding securities reflected in column 1)
(1)
(2)
(3)
Equity
Compensation Plans Approved by Security Holders
2,603,125 (1)
$ 2.525
1,530,208 (2)
Equity
Compensation Plans Not Approved by Security Holders
N/A
$ N/A
N/A
(1) Does
not include 1,291,667 shares issuable that were not issued pursuant to a plan.
(2) The
1,530,208 shares that remain available are pursuant to the Company’s 2020 Stock Incentive
Plan, which was adopted on July 14, 2020 and amended on October 7, 2022 (see “ITEM
11. EXECUTIVE COMPENSATION”).
ITEM
6. RESERVED
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