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 shares of common stock are listed on the Nasdaq
Capital Market (“Nasdaq”), where they have traded under ticker symbol “PMCB” since initial listing on August 10,
2021.
Holders
As of July 30, 2025, there were approximately
1,400 stockholders of record of our common stock. The number of stockholders of record does not include beneficial owners of our securities
whose shares are held in the name of various security brokers, dealers and registered clearing agencies.
Dividend Policy
We have not paid and do not plan to pay cash dividends
in the foreseeable future relating to our common stock. In addition, the terms of the certificate of designations governing our Preferred
Shares presently restricts our ability to pay dividends on our common stock. Our Board will decide any future payment of dividends, depending
on the results of operations, financial condition, capital requirements and other relevant factors. We paid dividends on the Convertible
Preferred Stock at 4% per annum as required.
Securities Authorized for Issuance under Equity
Compensation Plans
See Item 12 of Part III of this Report regarding
information about securities authorized for issuance under our equity compensation plans.
Recent Sales of Unregistered Securities
None.
75
Issuer Purchases of Equity Securities
The table below summarizes information about the
Company’s purchases of its equity securities during the year ended April 30, 2025.
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
May 1, 2024 – May 31, 2024
25,851
$ 2.1927
25,851
$ 4,624,999
June 1, 2024 – June 30, 2024
260,795
$ 2.3828
260,795
$ 4,003,590
July 1, 2024 – July 31, 2024
33,700
$ 2.1219
33,700
$ 3,932,081
August 1, 2024 – August 31, 2024
29,795
$ 1.8429
29,795
$ 3,877,171
September 1, 2024 – September 30, 2024
56,663
$ 1.9103
56,663
$ 3,768,928
October 1, 2024 – October 31, 2024
596,578
$ 2.1027
596,578
$ 2,514,516
November 1, 2024 – November 30, 2024
55,707
$ 1.8498
55,707
$ 2,411,467
December 1, 2024 – December 31, 2024
38,172
$ 1.6901
38,172
$ 2,346,951
January 1, 2025 – January 31, 2025
35,486
$ 1.6826
35,486
$ 2,287,242
February 1, 2025 – February 28, 2025
36,242
$ 1.7061
36,242
$ 2,225,412
March 1, 2025 – March 31, 2025
47,646
$ 1.6677
47,646
$ 2,145,950
April 1, 2025 – April 30, 2025
25,227
$ 1.2708
25,227
$ 2,113,892
Total
1,241,862
$ 2.0677
1,241,862
$ 2,113,892
On June 2, 2022, the Company announced that the
Board had authorized a share repurchase program to acquire up to $10 million of the Company’s outstanding common stock (the “First
Repurchase Program”). The number of shares of common stock repurchased on any given trading day was determined by a formula, which
was based on the market price of the common stock and average daily volumes. The First Repurchase Program expired on May 30, 2024. On
January 31, 2023, the Board authorized a share repurchase program to repurchase up to an additional $10 million of the Company’s
outstanding common stock (the “Second Repurchase Program” and together with the First Repurchase Program, the “Repurchase
Programs”). Under the Second Repurchase Program, the shares may be repurchased from time to time in open market transactions, privately
negotiated block transactions or other means in accordance with applicable securities laws. For more information on the Repurchase Programs,
see “Note 13 – Treasury Stock.”
ITEM 6. [RESERVED]