Item 5. Market for Registrant’s Common Equity
ITEM
5.
MARKET
FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market
for Common Stock
Our
common stock is listed on Nasdaq, under the symbol “SCNX”. At present, there is a limited market for
our common stock.
Holders of Record
As
of March 27, 2026, we had 40,630,815 shares of common stock outstanding, held by 66 stockholders of record, not including holders
who hold their shares in street name. The actual number of stockholders is greater than this number of record holders, and includes stockholders who are
beneficial owners, but whose shares are held in street name by brokers and other nominees.
Dividend
Policy
Although
we paid a special cash dividend in the first and third quarters of 2024, we have not historically paid or declared any cash dividends
on our common stock. Any determination to pay dividends in the future will be at the discretion of our board of directors. Accordingly,
investors have historically relied on sales of their common stock after price appreciation, which may never occur, as the only way to
realize any future gains on their investments.
Recent
Sales of Unregistered Securities
During
the year ended December 31, 2025, the Company issued 3,760,150 shares of common stock for services. The Company relied on the
exemption from registration set forth in Section 4(a)(2) of the Securities Act for this issuance. Such issuance did not
involve a public offering and was made without general solicitation or general advertising, and the recipient of the shares was an
accredited investor.
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
The
Company did not repurchase any shares of common stock during the year ended December 31, 2025.
ITEM
6.
[RESERVED]
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