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
Our common stock is traded on the Nasdaq Global Select Market under the ticker symbol PLTK.
As of February 22, 2023, there were approximately 11 stockholders of record of our common stock.
Dividends
We do not anticipate paying cash dividends on our shares of common stock on a go-forward basis.
Issuer Purchases of Equity Securities
Purchases of its own equity securities by the Company during the quarter ended December 31, 2022, are as follows:
Period (a)
Total number of shares purchased (b)
Average price paid per share (c)
Total number of shares purchased as poart of publicly announced plans or programs (d)
Maximum number of shares that may yet be purchased under the plans or programs
October 1 through October 31, 2022 (1)
51,813,472 $11.58 51,813,472 —
November 1 through November 30, 2022 — n/a — —
December 1 through December 31, 2022 — n/a — —
Total 51,813,472 51,813,472 —
__________
(1) On August 29, 2022, the Company announced a tender offer for the purchase of up to 51,813,472 shares of its issued and outstanding common stock, par value $0.01 per share (each, a “Share” and collectively, “Shares”) or such lesser number of Shares as are properly tendered and not properly withdrawn, at a price of $11.58 per Share (the "Tender
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Offer"). On October 10, 2022, the Company announced that it accepted for purchase 51,813,472 Shares for an aggregate cost of $600 million, excluding fees and expense related to the Tender Offer.
Stock Performance Graph
The following graph compares the cumulative total stockholder return of our common stock with the cumulative total return of the S&P 500 Index and the NASDAQ Composite Index for the period between January 14, 2021 and December 31, 2022. The graph assumes that $100 was invested in our common stock at the close of market on January 14, 2021 and that any dividends were reinvested. Stockholder returns over the indicated period should not be considered indicative of future stockholder returns.
The information furnished under the heading “Stock Performance Graph”, including the performance graph, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended or the Exchange Act, except as expressly set forth by specific reference in such a filing.
ITEM 6. RESERVED
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