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
On
May 10, 2021, our shares that previously traded on the NYSE American were approved for listing on the Nasdaq Capital Market (“Nasdaq”)
and such shares began trading on Nasdaq on May 21, 2021. Our common stock is quoted on Nasdaq Capital Market under the symbol “NSPR”.
The last reported sales price of our common stock on the Nasdaq on March 4, 2022, was $2.62 per share.
On
May 27, 2021, our warrants that previously traded on the NYSE American were approved for listing on Nasdaq, and such warrants began trading
on June 8, 2021. On July 7, 2021, our Series A warrants which previously traded under symbol “NSPRW” expired.
Record
Holders
As
of March 4, 2022, we had 267 stockholders of record of our common stock. This figure includes an indeterminate number of stockholders
who hold their shares in “street name.”
Dividends
In
the past, we have not declared or paid cash dividends on our common stock. We do not intend to pay cash dividends in the future; rather,
we intend to retain future earnings, if any, to fund the operation and expansion of our business and for general corporate purposes.
The
holders of Series C Preferred Stock are not entitled to receive any dividends, unless and until specifically declared by our board of
directors. However, holders of our Series C Preferred Stock are entitled to receive dividends on shares of Series C Preferred Stock equal
(on an as-if-converted-to-common-stock basis, and without giving effect for such purposes to the 4.99% or 9.99% beneficial ownership
limitation, as applicable) to and in the same form as dividends actually paid on shares of the common stock when such dividends are specifically
declared by our board of directors. We are not obligated to redeem or repurchase any shares of Series C Preferred Stock. Shares of Series
C Preferred Stock are not otherwise entitled to any redemption rights, or mandatory sinking fund or analogous fund provision.
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Item
6. [Reserved]
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