Sparx Holdings Group, Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information Our Common Stock is quoted on the OTC Markets Group Inc.’s Pink® Open Market. Our ticker symbol is SHGI. There is currently a limited trading market in the Company’s shares of common stock. Generally speaking, our shares of common stock are, and have been thinly traded, meaning our shares cannot be easily purchased or sold and have a low volume of shares trading per day which can lead to volatile changes in price per share. Over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions. Quarter Ended High Bid Low Bid June 30, 2023 $0.0795 $0.017 March 31, 2023 $0.1349 $0.031 December 31, 2022 $0.1497 $0.0361 September 30, 2022 $0.10 $0.0402 June 30, 2022 $0.15 $0.031 March 31, 2022 $0.35 $0.116 December 31, 2021 $0.6549 $0.1901 September 30, 2021 1 $0.83 $0.32 1 We were a party to a corporate reorganization, legally effective as of September 17, 2021. Information regarding this reorganization is detailed herein on page 4. Prior to this reorganization, we have no information to report pursuant to the above table. The quarter ending September 30, 2021, only includes data stemming back to September 17, 2021. Holders As of September 8, 2023, we have 285,350,031 shares of common stock, $0.0001 par value, issued and outstanding and no shares of Preferred stock, $0.0001 par value, issued and outstanding. As of September 8, 2023, we have approximately 49 shareholders of record. This is inclusive of Cede and Co., which is deemed to be one shareholder of record . For further clarification, Cede & Co. is currently defined by the “NASDAQ”, as “a Nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock.” Dividends We have not paid any cash dividends to date and do not anticipate or contemplate paying dividends in the foreseeable future. It is the present intention of our management to utilize all available funds for the development of our business. Issuer Purchases of Equity Securities None. Equity Compensation Plan Information Not applicable. Recent Sales of Unregistered Securities; Uses of Proceeds from Registered Securities On August 29, 2022, in partial consideration for the exclusive license granted by Licensor to the Company, the Company paid Sparx Holdings, LLC, a limited liability company, controlled and solely owned by our CEO and director, Ms. Cassandra DeNunzio, a non-refundable license fee upon execution of the Agreement in the amount of One Hundred Million shares (100,000,000) of the Company’s common stock (the “Initial License Fee”). The Initial License Fee is consideration for the grant and continuation of the license pursuant to a five-year term. On or about January 4, 2023, the Company issued 75,000 shares of our Common Stock to a non-related party in exchange for their services related to designing a component of a battery-operated wireless electronic sprinkler network that is currently being developed by Sparx Technologies, LLC. The battery-operated wireless electronic sprinkler network, remains in the prototype stages of development. No consideration was exchanged pursuant to this transaction. As mentioned throughout, we have a vested interest in Sparx Technologies, LLC as we intend to sell products developed by Sparx Technologies, LLC. The above transactions are exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933. - 15 - Table of Contents Item 6. Selected Financial Data. Not applicable because the Company is a smaller reporting company.