Optex Systems Holdings Inc 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market information Our common stock is currently quoted on the OTCQB Marketplace under the symbol “OPXS”. Trading in our common stock has historically lacked consistent volume, and the market price has been volatile. Over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions. On December 16, 2022, the closing price for our common stock as reported on the OTCQB was $3.07 per share. On December 7, 2022, the Company submitted an application to list its common stock on the NASDAQ Capital Market. There are no assurances (1) that the Company will continue to meet the initial listing criteria throughout the pendency of the application (including with respect to its share price), (2) that NASDAQ will approve the application or (3) relating to the timing of any such approval. If and when listed on NASDAQ, there are no assurances that the Company will continue to meet NASDAQ’s continued listing requirements. Securities outstanding and holders of record On December 16, 2022, there were approximately 80 shareholders of record for our common stock and 6,716,638 shares of our common stock issued and outstanding. Dividends We have in the past paid dividends but we have no plans to do so in the foreseeable future. Unregistered Sales of Equity Securities On January 4, 2022, the Company issued 23,216 common shares to an officer and a key employee in settlement of 33,000 restricted stock units which vested on such date. The issuance was made pursuant to the exemption from registration afforded by Rule 506(b) under the Securities Act as an issuance to an accredited investors. Issuer Purchases of Equity Securities The table below sets forth information with respect to purchases made by or on behalf of the Company or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) of its common shares during the three months ended October 2, 2022. Period Total number of shares purchased Total purchase cost (thousands) Average price paid per share (with transaction fees) Maximum dollar value that may yet be purchased under the plan July 4, 2022 through July 25, 2022 (1) 610 $ 1 $ 2.10 $ 564 July 26, 2022 through August 28, 2022 (1) 1,930 4 2.09 560 August 29, 2022 to October 2, 2022 (2) 1,603,773 4,361 2.72 560 (1) On September 22, 2021 the Company announced authorization for a $1 million stock repurchase program. As of October 2, 2022, there were zero shares held in treasury purchased under the September 2021 stock repurchase program. The shares authorized to be repurchased under the repurchase program may be purchased from time to time at prevailing market prices, through open market or in negotiated transactions, depending upon market conditions and subject to Rule 10b-18 as promulgated by the SEC. (2) Common shares repurchased pursuant to the tender offer that closed on September 15, 2022. Total tendered shares of 1,603,773 at $2.65, or $4.25 million, plus transaction costs of $111 thousand. The repurchased shares were immediately cancelled. 28 Item 6. Reserved