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
Our
Common Stock is currently quoted on the Nasdaq Capital Market under the symbol “SBET.”
The
following table sets forth, for the period indicated, the quarterly high and low closing sales prices per share of our Common Stock for
each quarter during our last two fiscal years, as well as the first quarter in 2024 through March 22, 2024, as reported by Nasdaq.
2024
High
Low
First Quarter
$ 1.83
$ 1.10
2023
High
Low
First Quarter
$ 7.80
$ 3.40
Second Quarter
$ 4.50
$ 2.52
Third Quarter
$ 3.17
$ 1.58
Fourth Quarter
$ 1.88
$ 1.21
2022
High
Low
First Quarter
$ 27.50
$ 11.40
Second Quarter
$ 15.00
$ 7.40
Third Quarter
$ 13.90
$ 8.70
Fourth Quarter
$ 8.80
$ 2.50
As
of March 29, 2024, we had approximately 107 individual shareholders of record of our Common Stock. We believe that the number of beneficial
owners of our Common Stock is greater than the number of record holders, because a number of our shares of Common Stock is held through
brokerage firms in “street name.”
Dividend
Policy
We
do not intend to pay cash dividends to our stockholders in the foreseeable future. We currently intend to retain all our available funds
and future earnings, if any, to finance the growth and development of our business. Any future determination related to our dividend
policy will be made at the discretion of our Board of Directors and will depend upon, among other factors, our results of operations,
financial condition, capital requirements, contractual restrictions, business prospects and other factors our Board of Directors may
deem relevant.
30
Equity
Compensation Plan
The
following table provides summary of equity compensation plans and arrangements as of December 31, 2023:
Weighted
Weighted
average
average
remaining
Aggregate
exercise
contractual
intrinsic
Options
Shares
price
term
value
Outstanding as of December 31, 2022
288,914
$ 11.40
$ 7,750
Granted
155,755
4.46
Exercised
-
-
Acquired 1
14,552
14.16
Forfeited
(42,989 )
6.99
Expired
(1,413 )
8.84
Outstanding as of December 31, 2023
414,819
$ 8.79
7.7
$ 3,750
Exercisable as of December 31, 2023
660,594
$ 10.59
6.9
$ 3,750
1
During the year ended December 31, 2023, the Company recognized 14,552 options that were acquired during the SportsHub Acquisition.
The options have an exercise price of $14.16 and expire December 21, 2032. The options were fully vested upon the SportsHub Acquisition.
Recent
Sales of Unregistered Securities
All
sales of unregistered securities during the year ended December 31, 2023 were previously disclosed in Current Reports on Form 8-K.
Purchases
of Equity Securities by Issuer and Its Affiliates
None.
ITEM
6. [RESERVED]