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 trading on the Nasdaq Capital
Market (“Nasdaq”) since April 30, 2021 under the symbol “RCAT
The last reported sales price of our common stock
on July 26, 2022 was $2.28.
Holders
As of July 26, 2022, there were 649 stockholders
of record of our common stock.
Dividends
The Company has never paid dividends on its common
stock and does not anticipate that it will pay dividends in the foreseeable future. It intends to use any future earnings for the expansion
of its business. Any future determination of applicable dividends will be made at the discretion of the Board of Directors and will depend
on the results of operations, financial condition, capital requirements and other factors deemed relevant.
Securities Authorized for Issuance Under Equity
Compensation Plan
The following table provides information regarding
our equity compensation plans as of April 30, 2022:
Equity Compensation Plan Information
Plan category
Number
of securities to be issued upon exercise of outstanding options, warrants, and vesting of restricted stock
Weighted-average
exercise price of outstanding options and warrants
Number
of securities remaining available for future issuance under equity compensation plans
Equity compensation plans
approved by security holders
4,777,817
(1)
$ 2.17
2,910,199
Equity compensation plans not approved
by security holders
—
$ —
—
______________
(1)
Represents stock options issued and restricted stock units awarded under the Company’s 2019 Equity Incentive Plan.
Recent Sales of Unregistered Securities
Except as set forth below,
there were no sales of equity securities during the period covered by this Annual Report that were not registered under the Securities
Act and were not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K filed by the Company.
The above issuances did not
involve any underwriters, underwriting discounts or commissions, or any public offering and we believe are exempt from the registration
requirements of the Securities Act of 1933 by virtue of Section 4(2) thereof.
ITEM 6. SELECTED FINANCIAL DATA
As a smaller reporting company, we are not required
to provide this information.
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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.