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
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 April 11, 2024, there were 42 holders of record of our common
stock. 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.
Dividends
We
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
Compensation Plans
None.
Recent Sales of Unregistered Securities
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
and Affiliated Purchasers
None.
ITEM 6. [RESERVED]
As a smaller reporting company, we are not required
to make disclosures under this Item.
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.