MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: May 23, 2022, our common stock traded on the OTC Markets, Inc.’s OTCQX under the symbol “SMDM.” Effective March 24,
−Removed: 2022, our common stock began trading on the Nasdaq Capital Markets under the symbol “MICS.”
−Removed: to May 24, 2022, the Company’s common stock traded on the OTCQX under the symbol “SMDM”.
−Removed: As of this filing, based upon information received from our transfer agent, there were approximately 184 record holders of our outstanding
+Added: common stock is listed on the Nasdaq Capital Markets under the symbol “MICS.” Prior to May 23, 2022, our common stock traded
+Added: on the OTC Markets, Inc.’s OTCQX under the symbol “SMDM.”
+Added: Record Holders
+Added: of July 12, 2023, based upon information received from our transfer agent, there were approximately 194 record holders of our outstanding
common stock.
9 unchanged sentences
Sales of Unregistered Securities
−Removed: STOCK ISSUANCES
−Removed: May 17, 2021, the Company issued 667 shares of its common stock to a former member of the Board of Directors who exercised stock options
−Removed: at an average exercise price of $7.20 per share.
−Removed: August 20, 2021, the Company issued an aggregate of 575 shares of its common stock to its non-employee directors at $8.70 per share,
−Removed: pursuant to our annual director compensation plan for the fiscal year ending March 31, 2022.
−Removed: December 31, 2021, the Company issued an aggregate of 2,000 shares of its common stock to a member of the Board of Directors who exercised
−Removed: stock options at an average exercise price of $4.50 per share.
−Removed: of the above issuances and sales were deemed to be exempt under Rule 506 of Regulation D and/or Section 4(2) of the Securities Act.
−Removed: advertising or general solicitation was employed in offering the securities.
−Removed: The offerings and sales were made to a limited number of
−Removed: persons, all of whom were accredited investors, business associates of the Singing Machine or executive officers of the Singing Machine,
−Removed: and transfer was restricted by the Singing Machine in accordance with the requirement of the Securities Act.
−Removed: In addition to representations
−Removed: by the above-reference persons, we have made independent determinations that all of the above-referenced persons were accredited or sophisticated
−Removed: investors, and that they were capable of analyzing the merits and risks of their investment, and that they understood the speculative
−Removed: nature of their investment.
−Removed: Furthermore, all of the above-referenced persons were provided with access to our Securities and Exchange
−Removed: Commission filings.
+Added: Compensation Information
+Added: information required by this item regarding equity compensation plans is incorporated by reference to the information set forth in Item
+Added: 12 of this Annual Report on Form 10-K.
of Equity Securities by the Issuer and Affiliated Purchasers
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.