Item 5. Market for Registrant’s Common Equity
Item
5.
Market for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our Common Stock has
been traded on the NYSE American under the symbol “UMAC” since our IPO on February 14, 2024.
The last reported sales
price of our Common Stock on March 11, 2026 was $19.84.
Holders
As of February 26, 2026, there were approximately
18 holders of record of our Common Stock. In addition, there are approximately 17,655 beneficial owners who hold shares of our Common
Stock in “street name”.
Dividends
The Company has never paid dividends on its Common
Stock and does not anticipate that it will pay dividends in the foreseeable future. It intends to use any future earnings for the expansion
of its business. Any future determination of applicable dividends will be made at the discretion of the Board of Directors and will depend
on the results of operations, financial condition, capital requirements and other factors deemed relevant.
Recent Sales of Unregistered Securities
On November 20, 2025, the Company issued a total
of 500,000 shares of the Company’s common stock to its officers. The shares were valued at $3,880,000 based on the $7.76 quoted
trading price on grant date and expensed on the grant date.
On December 29, 2025, the Company issued 142,299
shares of the Company’s restricted common stock to certain officer and directors of the Company
upon exercise of warrants to purchase common stock. The Company received cash proceeds of $65,461 for cash exercised warrants.
On December
31, 2025, the Company issued 3,140 shares of the Company’s restricted common stock to each of three of the Company’s non-employee
directors for services as a director. The shares of restricted stock are fully vested and granted under the Company’s 2022 Equity
Incentive Plan (the “Plan”). The shares were valued at $12,.74 per share, which was the quoted trading price of the Company’s
Common Stock on the date of grant, for a total value of approximately $120,000.
The shares issued above were
exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) thereunder.
Item 6.
Selected Financial Data
As a smaller reporting company, we are not required
to provide this information.
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