Item 5. Market for Registrant’s Common Equity
ITEM
5.
MARKET
FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
Our
Common Stock is traded on the Nasdaq Capital Market (“Nasdaq”) under the symbol “PESI.” The following table sets
forth the high and low market trade prices quoted for the Common Stock during the periods shown. The source of such quotations and information
is the NASDAQ online trading history reports.
2024
2023
Low
High
Low
High
Common Stock
1st Quarter
$ 7.50 $
12.00
$ 3.56
$ 12.00
2nd Quarter
8.89
14.17
7.52
12.60
3rd Quarter
8.06
13.00
8.73
13.87
4th Quarter
10.31
16.25
6.50
10.72
At
March 10, 2025, there were approximately 115 stockholders of record of our Common Stock. The actual number of our stockholders is greater
than this number since beneficial owners are owners of shares that are held in “street name” by banks, brokers, and other
nominees.
Since
our inception, we have not paid any cash dividends on our Common Stock and have no dividend policy. Our Loan Agreement dated May 8, 2020,
as amended, prohibits us from paying any cash dividends on our Common Stock without prior approval from our lender. We do not anticipate
paying cash dividends on our outstanding Common Stock in the foreseeable future.
No
sales of unregistered securities occurred during 2024 except the following:
During
the first quarter of 2024, the Company issued 30,000 shares of its Common Stock resulting from the exercise of a warrant for the purchase
of up to 30,000 shares of the Company’s Common Stock at an exercise price of $3.51 per share, resulting in proceeds received by
the Company of approximately $105,000. See “Warrant” in “Note 6 - Capital Stock, Stock Plans, Warrants, and Stock Based
Compensation” in “Part II, Item 8, Financial Statements and Supplementary Data” for further discussion of this warrant
exercise.
There
were no purchases made by us or on behalf of us or any of our affiliated members of shares of our Common Stock during 2024.
See
“Note 6 - Capital Stock, Stock Plans, Warrants, and Stock Based Compensation” in Part II, Item 8, “Financial Statements
and Supplementary Data” and “Equity Compensation Plans” in Part III, Item 12, “Security Ownership of Certain
Beneficial Owners and Management and Related Stockholders Matter” for securities authorized for issuance under equity compensation
plans which are incorporated herein by reference.
ITEM
6.
[Reserved]
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