Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s
Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our common stock trades on
the Nasdaq Capital Market under the symbol “LSH.” On September 25, 2024, the closing sale price of our common stock was $2.25
per share.
Holders of Record
As of September 25, 2024,
we had approximately six holders of record of our common stock.
Dividend Policy
We have never declared or
paid, and do not anticipate declaring or paying, any cash dividends on our capital stock. Any future determination as to the declaration
and payment of dividends, if any, will be at the discretion of our board of directors and will depend on then-existing conditions, including
our financial condition, operating results, contractual restrictions, capital requirements, business prospects and other factors that
our board of directors may deem relevant.
Securities
Authorized for Issuance under Equity Compensation Plans
None.
Performance
Graph
We are a smaller reporting
company and are not required to provide the information required under this item.
Recent Sale
of Unregistered Securities and Use of Proceeds
None.
Use of Proceeds from Initial Public Offering
of Common Stock
On July 1, 2024, we
completed our IPO of 1,500,000 shares of common stock, at a price of $4.50 per share, before underwriting discounts and commissions.
The offering was registered under the Securities Act pursuant to a registration statement on Form S-1 (File No. 333-278416), which
was declared effective by the SEC on June 27, 2024.
As of the date of this annual
report, with the proceeds of the IPO, we used approximately $1.8 million for in marketing activities and business expansion and used approximately
$1.3 million for working capital needs.
Purchases of Equity Securities by the Issuer
and Affiliated Purchasers
There were no purchases of
the issuer’s securities by the issuer or affiliated purchasers, as defined in Rule 10b-18(a) (3) the Exchange Act, during
the fourth quarter of the fiscal year ended June 30, 2024.
Item 6. [Reserved]
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