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Item 5. Market for Registrant’s Common Equity

2024-04-12 compared with 2023-03-17 · 19 added, 30 removed, 8 unchanged (86% of the section changed)

MARKET FOR REGISTRANT’S

COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our Units began to trade on the Nasdaq Global

Market, or Nasdaq, under the symbol “NUBIU” on March 11, 2022.

The Class A common stock, warrants, and rights comprising the

Units began separate trading on Nasdaq on May 2, 2022, under the symbols “NUBI” and “NUBIW” respectively.

REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our Common Stock have traded on the Nasdaq Global

Market, or Nasdaq, under the symbol “STI” on February 5, 2024.

Prior to that date, Nubia's Class A Common Stock and Public

Warrants were listed on the Nasdaq Global under the symbols "NUBI" and "NUBIW" respectively.

Holders of Record

As of December 31, 2022, there were 4 holders of record of our Class

A common stock, 1 holder of record of our Class B common stock.

The number of record holders was determined from the records of our transfer

We have not paid any cash dividends on our shares

of Class A common stock to date and do not intend to pay cash dividends prior to the completion of an initial business combination.

payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial

condition subsequent to completion of a business combination.

The payment of any dividends subsequent to a business combination will be

within the discretion of our board of directors at such time.

It is the present intention of our board of directors to retain all earnings,

if any, for use in our business operations and, accordingly, our board of directors does not anticipate declaring any dividends in the

foreseeable future.

In addition, our board of directors is not currently contemplating and does not anticipate declaring any share dividends

in the foreseeable future.

Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants

we may agree to in connection therewith.

As of April 11, 2024, there were 42 holders of record of our common

The actual number of stockholders of our common stock is greater than this number of record holders and includes stockholders who

are beneficial owners but whose shares of common stock are held in street name by banks, brokers and other nominees.

have not declared or paid any dividends, or authorized or made any distribution upon or with

respect to any class or series of our capital stock.

We currently intend to retain all available

funds and any future earnings for use in the operation of our business and do not anticipate

paying any dividends on our capital stock in the foreseeable future.

Any future determination

to declare dividends will be made at the discretion of our board of directors, subject to

applicable laws, and will depend on our financial condition, operating results, capital requirements,

general business conditions and other factors that our board of directors may deem relevant.

Securities Authorized for Issuance Under Equity

1 unchanged sentence

Recent Sales of Unregistered Securities

On March 15, 2022, simultaneously with the closing

of the IPO, we sold the Sponsor 5,405,000 warrants (the “Private Warrants”) at a price of $1.00 per Private Warrant, generating

total proceeds of $5,405,000.

The Private Warrants are identical to the warrants sold in the IPO except that holders of the Private Warrants

may not transfer, assign, or sell any of the Private Warrants or underlying securities until the date that is 30 days after the date we

complete our initial business combination except to permitted transferees.

Our Sponsor was granted certain demand and piggyback registration

rights in connection with the purchase of the Private Warrants.

There were no unregistered securities to report

which have not been previously included in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.

Purchases of Equity Securities by the Issuer

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity