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 listed on Nasdaq Capital Market, under the symbol
“RLMD.” On January 21, 2025, we received a written notification from the Listing Qualifications Department of the Nasdaq Stock
Market (“Nasdaq”) notifying us that, for the 30 consecutive business days ended January 17, 2025, the Company’s common
stock did not maintain a minimum bid price of $1.00 per share. Nasdaq stated in its letter that in accordance with Nasdaq Listing Rule
5810(c)(3)(A), the Company has a compliance period of 180 calendar days from the date of the notice (“Compliance Period”),
and that it may regain compliance if the closing bid of the Company’s security is at least $1 for a minimum of ten consecutive business
days during the Compliance Period, which ended on July 21, 2025.
On July 22, 2025, Nasdaq notified the Company
that it had approved the Company’s application to transfer its listing to the Nasdaq Capital Market. The Company’s common
stock was transferred to the Nasdaq Capital Market at the opening of business on July 24, 2025. Nasdaq also approved a 180-day extension,
or until January 19, 2026 (the “Compliance Period”), to regain compliance with the minimum bid price in accordance with Nasdaq
Listing Rule 5550(a)(2). To regain compliance, the Company’s common stock must maintain a closing bid price of at least $1.00 per
share for a minimum of 10 consecutive business days at any time prior to the expiration of the Compliance Period.
On September 15, 2025, the Company received written
notice of compliance from Nasdaq stating that for 10 consecutive trading days, from August 29, 2025 to September 12, 2025, the
closing bid price of the Company’s common stock had been at $1.00 per share or greater, and accordingly, the Company regained
compliance with Nasdaq Listing Rule 5550(a)(2). Nasdaq informed the Company in the compliance notice that it now considered this matter
closed.
Holders
As of March 16, 2026, 104,890,223 shares of common
stock were issued and outstanding, which were held by 161 holders of record. These stockholders held their stock either individually or
in nominee or “street” names through various brokerage firms. There are no shares of our Class A convertible preferred stock
outstanding. Our transfer agent is:
Empire Stock Transfer
1859 Whitney Mesa Drive
Henderson, NV 89014
Telephone (702) 818-5898
www.empirestock.com
Inquiries regarding stock transfers, lost certificates
or address changes should be directed to the above address.
Dividends
We plan to retain any earnings for the foreseeable
future for our operations. We have never paid any cash dividends on our stock and do not anticipate paying any cash dividends in the
foreseeable future. Any future determination to pay cash dividends will be at the discretion of our Board of Directors and will depend
on our financial condition, operating results, capital requirements and such other factors as our Board of Directors deems relevant.
Unregistered Sales of Securities
There were no unregistered sales of securities
during the year ended December 31, 2025 that have not been previously reported in a Quarterly Report on Form 10-Q or in a Current Report
on Form 8-K.
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ITEM 6. [RESERVED]