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 24, 2026, 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 Series
C Preferred Stock 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
Series C Preferred Stock at 7% 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.
Issuer Purchases of Equity Securities
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. The Repurchase Programs were paused on April
30, 2025. For more information on the Repurchase Programs, see “Note 13 – Treasury Stock.”
The Company did not purchase its equity securities
as part of the Repurchase Programs publicly announced plans or programs during the year ended April 30, 2026.
ITEM 6. [RESERVED]
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