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 trades on The NASDAQ Capital Market under the symbol “SGLB.”
Shareholders
As
of March 23, 2022, there were approximately 568 holders of record of our common stock based on information provided by
our transfer agent.
Dividends
We have not paid any dividends
on our common stock to date and do not anticipate that we will pay dividends in the foreseeable future. Any payment of cash dividends
on our common stock in the future will be dependent upon the amount of funds legally available, our earnings, if any, our financial condition,
our anticipated capital requirements and other factors that the board of directors may think are relevant. We have paid dividends
on our preferred stock pursuant to an agreement with investors and may do so in the future pursuant to future financing agreements, if
any. The Certificate of Designations of our Series D Preferred Stock prohibits us from declaring or paying any cash dividend
or distribution on any of its capital stock, other than as required by the Certificate of Designations.
18
Recent
Sales of Unregistered Securities
In March 2021, the
Company issued 1,500 shares of common stock valued at $4.99 per share to an investor relations firm as partial compensation for
services previously rendered. The shares were issued without registration under the Securities Act of 1933, as amended (the “Securities Act”),
in reliance upon the exemption from registration under Section 4(2) of the Securities Act for transactions not involving a public offering.
Repurchase
of Shares
During
fiscal 2021, we purchased 5,204 shares of our common stock at a price of $3.47 per share, the average of the Company’s opening
and closing stock price on the date of purchase, upon the exercise of our right of first refusal in connection with an employee’s
exercise of an option to purchase such shares.
Period
Total number of shares purchased
Average price paid per share
Total number of shares purchased as part of publicly
announced plans or programs
Maximum number or approximate dollar value of
shares that may yet be purchased under the plans or programs
August 15 – August 31, 2021
5,204
$ 3.47
-
-
Total
5,204
$ 3.47
-
-
ITEM
6. SELECTED FINANCIAL DATA.
Not
applicable.
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