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
common stock trades on The New York Stock Exchange (“NYSE”) under the symbol “PMNT.”
Holders
of Common Stock
As
of June 30, 2025, there were approximately 214 holders of record of our common stock. These holders of record include depositories that
hold shares of stock for brokerage firms which, in turn, hold shares of stock for numerous beneficial owners.
Dividends
We
have never declared or paid dividends on our common stock and do not intend to pay cash dividends on our common stock for the foreseeable
future. Other than with respect to the payment of dividends on our Series AA Preferred
Stock as described below, we intend to retain any future earnings to fund the development and growth of our business. The payment of dividends, if any,
on our common stock will rest solely within the discretion of our board of directors and will depend, among other things, upon our earnings,
capital requirements, financial condition, and other relevant factors.
Commencing
in April 2025, we will pay monthly dividends on our Series AA Convertible Preferred Stock at the rate of 12% per annum. Accordingly, we may not be able to
declare a dividend on our common stock unless full cumulative dividends on the Series AA Preferred Stock have been or
contemporaneously are declared and paid.
Recent
Sales of Unregistered Securities
On
March 28, 2025, we issued 924,921 shares of Series AA Convertible Preferred Stock valued at $5.8005 per share and convertible into
shares of common stock at a conversion price of $5.00 per share in accordance with executed securities purchase agreements. We also issued
56,676 warrants to purchase shares of common stock with an exercise price of $1.45 per share to the placement agent as part of the fees
associated with this offering. Pursuant to the said offering, the Company received gross proceeds of $5,365,000 before fees and other expenses
associated with the transaction
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
None.
ITEM
6. [RESERVED]
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