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 is quoted on
the Nasdaq Stock Market under the symbol POCI.
Holders
As of September 26, 2023, we had approximately
144 holders of record of our common stock. Holders of record include nominees who may hold shares on behalf of multiple owners.
Dividends
We have not declared any dividends during the
last two fiscal years. At present, we intend to retain our earnings, if any, to finance research and development and the expansion of
our business.
Recent Sales of Unregistered Securities
On June 15, 2023, the Company entered into agreements,
including a Stock Purchase Agreement and other related agreements (collectively, the “Purchase Agreements”), with certain
institutional and accredited investors calling for the purchase and sale of 420,000 shares of common stock at a purchase price of $6.00
per share. The stock issuance closed on June 20, 2023, resulting in $2.52 million of gross proceeds to the Company. The Purchase Agreements
oblige the Company to register the purchased shares for resale by those investors.
ITEM 6. SELECTED FINANCIAL
DATA. [RESERVED]
8
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.