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 trades on
the Nasdaq Capital Market, under the symbol “SIEB.”
Holders
As of April 2, 2024, there
were 73 holders of record of our common stock based on information provided by our transfer agent. The number of stockholders of record
does not reflect the number of individual or institutional stockholders that beneficially own our stock because most stock is held in
the name of nominees. Based on information available to us, we believe there are approximately 3,782 beneficial holders of our common
stock as of February 9, 2024.
Dividend Policy
No dividends were paid to
shareholders during 2023 and 2022. Our Board of Directors periodically considers whether to declare dividends, and any future decision
to pay dividends is at the discretion of the Board of Directors. In considering whether to pay such dividends, our Board of Directors
will review our earnings, capital requirements, economic forecasts and such other factors as are deemed relevant.
For information on securities
authorized for issuance under our equity compensation plans, see “Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters.”
Unregistered Sales of Equity Securities and
Use of Proceeds
On
May 18, 2023, we issued 8,075,607 shares of our common stock to Kakaopay as part of a transaction with Kakaopay. The common stock was
issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. Refer to Note 5 – Kakaopay Transaction for more detail.
ITEM 6. [RESERVED]
Siebert 2023 Form-10K 19
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.