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 Nasdaq under the symbol “NVNO.”
Holders
of Record
On
February 27, 2024, the closing price per share of our common stock was $6.05 on The Nasdaq Capital
Market. We had approximately 72 stockholders of record as of February 27, 2024. On February 27, 2024 there were
13,317,000 shares of our common stock issued. In addition, we believe that a significant number of beneficial owners of our common
stock hold their shares in street name. We had a class of warrants that were listed on Nasdaq under the symbol
“NVNOW” which expired on May 31, 2023.
Securities
Authorized for Issuance under Equity Compensation Plan
The
following information is as of December 31, 2023.
Plan Category
Number of
securities to
be issued upon
exercise of
outstanding
options
Weighted-average
exercise price of
outstanding
options
Number of
granted restricted
stock unit awards
outstanding
Number of
securities
remaining
available for
future
issuance
under equity
compensation
plans
Equity compensation plans approved by security holders
4,785,276
$ 7.85
400,000
1,754,520
Equity compensation plans not approved by security holders
-
-
-
4,785,276
$ 7.85
400,000
1,754,520
Dividend
Policy
We
have never declared or paid any cash dividends on our capital stock. We do not anticipate paying cash dividends on our common stock in
the foreseeable future. We currently intend to retain all available funds and any future earnings to support our operations and finance
the growth and development of our business. Any future determination related to our dividend policy will be made at the discretion of
our board of directors and will depend upon, among other factors, our results of operations, financial condition, capital requirements,
contractual restrictions, business prospects, the requirements of current or then-existing debt instruments and other factors our board
of directors may deem relevant.
Recent
Sales of Unregistered Securities
None
other than as disclosed in the Company’s current report on Form 8-K as filed with the Securities and Exchange Commission on October
12, 2023.
Repurchases
of Equity Securities by Our Company
None.
ITEM 6.
[Reserved]
28
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