What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2025-03-31 compared with 2024-04-01 · 23 added, 33 removed, 5 unchanged (92% of the section changed)

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

15, 2023, the Company’s common stock has traded on the Nasdaq Capital Market under the symbol SRM.

common stock trades on the Nasdaq Capital Market under the symbol “SRM”.

The closing price of our common stock on the Nasdaq

Capital Market on March 28 , 2025 was $ 0.453 .

of March 25, 2025, there were 31 shareholders of record.

Since certain shares of our common stock are held by brokers and other institutions on behalf of stockholders, the foregoing number of

holders of our common stock is not representative of the number of beneficial holders of our common stock.

The last reported sales price

for our common stock as reported on the Nasdaq Capital Market on March 29, 2024 was $1.59.

do not anticipate paying any cash dividends on our common stock in the foreseeable future and we intend to retain all of our earnings,

if any, to finance our growth and operations and to fund the expansion of our business.

Payment of any dividends will be made in the

discretion of our Board of Directors, after our taking into account various factors, including our financial condition, operating results,

current and anticipated cash needs and plans for expansion.

No dividends may be declared or paid on our common shares, unless a dividend,

payable in the same consideration or manner, is simultaneously declared or paid, as the case may be, on our shares of preferred stock,

Since certain shares of our common stock are held by brokers and other institutions

on behalf of stockholders, the foregoing number of holders of our common stock is not representative of the number of beneficial holders

of our common stock.

do not anticipate paying any cash dividends on our common stock in the foreseeable future and we intend to retain all of our

earnings, if any, to finance our growth and operations and to fund the expansion of our business.

Payment of any dividends will be

made in the discretion of our Board of Directors, after our taking into account various factors, including our financial condition,

operating results, current and anticipated cash needs and plans for expansion.

No dividends may be declared or paid on our shares of

common stock, unless a dividend, payable in the same consideration or manner, is simultaneously declared or paid, as the case may

be, on our shares of preferred stock, if any.

of Unregistered Securities

the period from the date of the Company’s IPO (August 14, 2023) to December 31, 2023, the Company issued 315,500 shares of its

restricted common stock, valued at a total of $612,800 (based on the date of the respective agreements), to three companies.

Additionally,

at December 31, 2023, the Company has stock payable for services due one company for $676,000 representing 400,000 shares of the Company’s

restricted common stock.

the year ended December 31, 2024, the Company issued:

(i) 200,000 shares of its restricted common stock from stock payable valued at

(ii) 1,500,000 shares of its restricted common stock in connection with the purchase of intangible assets valued at $1,143,000;

(iii) 250,000 shares of its restricted common stock in connection with a consulting agreement valued at $202,500;

and (iv) 950,000 shares

of its restricted common stock for services to investor relations firms valued at $ 1,058,500.

issuances were made in reliance on an exemption from registration set forth in Section 4(a)(2) of the Securities Act, as transactions

by an issuer not involving a public offering.

of Equity Securities by the Issuer and Affiliated Purchasers

were no issuer purchases of equity securities during the year ended December 31, 2023.

Authorized for Issuance under Equity Compensation Plans

March 21, 2023, our Board of Directors and majority shareholders, respectively, approved the SRM Entertainment, Inc.

2023 Equity Incentive

Plan (the “2023 Plan”), to be administered by our Compensation Committee.

Pursuant to the 2023 Plan, we are authorized to

grant options and other equity awards to officers, directors, employees and consultants.

The purchase price of each share of common stock

purchasable under an award issued pursuant to the 2023 Plan, shall be determined by our Compensation Committee, in its sole discretion,

at the time of grant, but shall not be less than 100% of the fair market of such share of common stock on the date the award is granted,

subject to adjustment.

Our Compensation Committee shall also have sole authority to set the terms of all awards at the time of grant.

Pursuant to the 2023 Plan, a maximum of 1,500,000 shares of our common stock shall be set aside and reserved for issuance, subject to

adjustments as may be required in accordance with the terms of the 2022 Plan.

At December 31, 2023 the Company had issued a 100,000 stock

grant to one of the company’s consultants and a total of 90,000 stock options to three of our Directors.

were no issuer purchases of equity securities during the years ended December 31, 2024.

applicable to a smaller reporting company.

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