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
The
Company’s common stock and warrants have traded on The Nasdaq Capital Market under the symbols “LIXT” and “LIXTW”,
respectively, since November 25, 2020. The stock market in general has experienced significant 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, and
have been retroactively adjusted for all periods presented to reflect the 1-for-10 reverse split of the Company’s outstanding shares
of common stock effected on June 2, 2023. 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, 2022
First Quarter
$ 11.00
$ 25.00
Second Quarter
$ 7.00
$ 19.60
Third Quarter
$ 5.00
$ 8.90
Fourth Quarter
$ 4.80
$ 7.70
Low
High
Year Ended December 31, 2023
First Quarter
$ 5.10
$ 18.90
Second Quarter
$ 4.75
$ 9.20
Third Quarter
$ 1.75
$ 7.53
Fourth Quarter
$ 1.92
$ 3.30
Holders
As
of March 1, 2024, the Company had 46 stockholders of record holding 2,249,290 shares of the Company’s common stock outstanding,
including 1,950,893 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, 2023, 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
495,000 (1)
$ 11.692
255,000 (2)
Equity Compensation Plans Not Approved by Security Holders
N/A
$ N/A
N/A
(1)
Does
not include 57,083 shares issuable that were not issued pursuant to a plan.
(2)
The
255,000 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 and November 27, 2023 (see “ITEM 11. EXECUTIVE COMPENSATION”).
ITEM
6. RESERVED
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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.