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
The Company's common stock trades on The Nasdaq Global Market under the symbol "SIGA."
There were 40 holders of record as of February 15, 2024. We believe that the number of beneficial owners of our common stock is substantially greater than the number of record holders, because a large portion of common stock is held in broker “street names.”
On May 4, 2023, the Board declared a special dividend of $0.45 per share on the common stock of the Company. The special dividend was paid on June 1, 2023 to shareholders of record at the close of business on May 16, 2023. On March 12, 2024, the Board declared a special dividend of $0.60 per share on the common stock of the Company, payable on April 11, 2024 to shareholders of record at the close of business on March 26, 2024. Any future payments of dividends on our common stock will be determined by our Board and will depend on our business conditions, financial results and other factors our Board deems relevant.
Issuer Purchases of Equity Securities
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Programs
Dollar Value of Shares That May Yet Be Purchased Under the Programs
October 1, 2023 to October 31, 2023
-
$
-
-
$
21,498,370
November 1, 2023 to November 30, 2023
-
-
-
21,498,370
December 1, 2023 to December 31, 2023
-
-
-
21,498,370
Total
-
$
-
-
On August 5, 2021, the Company announced that the Board of Directors authorized a share repurchase program under which the Company may repurchase up to $50 million of the Company's common stock through December 31, 2023. The Company started repurchasing shares under this program in the fourth quarter of 2021. The timing and actual number of shares repurchased under any authorization of this type depends on a variety of factors, including: the timing of exercise of procurement options under government contracts; alternative opportunities for strategic uses of cash; the stock price of the Company’s common stock; market conditions; and other corporate liquidity requirements and priorities. On December 31, 2023, the remaining repurchase authorization for approximately $21 million expired.
30
Table of Contents
Performance Graph
The following line graph compares the cumulative total stockholder return through December 31, 2023, assuming reinvestment of dividends, by an investor who invested $100 on December 31, 2018 in each of (i) our common stock; (ii) the Nasdaq Composite; and (iii) the Nasdaq Biotech Composite.
2018
2019
2020
2021
2022
2023
SIGA Technologies, Inc.
$
100
$
60
$
92
$
95
$
99
$
81
NASDAQ Composite Index
$
100
$
135
$
194
$
236
$
158
$
226
NASDAQ Biotech Composite Index
$
100
$
124
$
156
$
155
$
138
$
144
Securities Authorized for Issuance Under Equity Compensation Plans
The information required by this item concerning securities authorized for issuance under equity compensation plans is set forth in Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”
31
Table of Contents
Item 6. [Reserved]
Not applicable.
32
Table of Contents