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 began trading on the Nasdaq Capital Market under the symbol “AKER” on January 23, 2014. On April 19, 2021, the
symbol for our Common Stock changed to “MYMD.”
Holders
As
of March 29, 2023, there were approximately 737 holders of record of our Common Stock.
Dividends
Except
as described herein, we have never paid any cash or other dividends to our stockholders and we do not plan to declare or pay any cash
or other dividends in the foreseeable future. On or around September 9, 2020, our Board declared a dividend of one preferred share purchase
right for each share of our Common Stock outstanding held by stockholders of record on September 21, 2020. We currently intend to retain
earnings, if any, for use in the operation and expansion of our business. Subject to the foregoing, the payment of cash dividends in
the future, if any, will be at the discretion of our Board and will depend on such factors as earning levels, contractual restrictions,
capital requirements, our overall financial condition and any other factors deemed relevant by the Board.
Unregistered
Sales of Securities
None.
Issuer
Purchases of Equity Securities
We
did not repurchase any of our equity securities during the fourth quarter of the fiscal year ended December 31, 2022.
Item
6. [Reserved]
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