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 24, 2023 was $1.12.
Holders
As
of July 26, 2023, there were 598 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, 2023:
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
7,307,341
$ 1.88
1,442,659
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
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.
49
ITEM
6. SELECTED FINANCIAL DATA
As
a smaller reporting company, we are not required to provide this information.
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