Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant ’ s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our Common Stock is listed on the OTCQB, an over-the-counter market, under the ticker symbol “PRKR”. Over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down, or commission, and may not necessarily represent actual transactions.
Holders
As of March 10, 2025, we had approximately 83 holders of record and we believe there are approximately 6,000 beneficial holders of our common stock.
Dividends
We do not currently pay dividends on our common stock and intend to retain our cash and future earnings, if any, to fund our business plan. The payment of cash dividends in the future will be dependent upon our revenue and earnings, if any, capital requirements and general financial condition. The payment of any dividends will be within the discretion of our Board.
Recent Sales of Unregistered Securities
On October 18, 2024, we issued an aggregate of 250,000 restricted stock units ("RSUs) and 250,000 nonqualified share options, valued at an aggregate of approximately $237,000, to two consultants as payment for shareholder relations services over a three-year term. RSUs for an aggregate of 125,000 shares will vest on April 18, 2025 and the remaining RSUs will vest on October 18, 2025. The options, which have an exercise price of $0.50 per share, will vest in 4 equal quarterly increments commencing on April 18, 2026. The service agreements may be terminated by us upon 75 days' advance notice any time following the six month anniversary of the effective date of the agreements and any unvested RSUs or options will automatically be cancelled upon the termination date. We may in the future receive up to $125,000 in proceeds from the exercise of the options. Any proceeds will be used to fund continued operations.
Purchases of Equity Securities by Issuer and Affiliated Purchasers
No purchases of our equity securities have been made by us or affiliated purchasers within the fourth quarter of the year ended December 31, 2024.
Item 6. [Reserved].
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.