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
Market Information
On July 13, 2021, our common stock began trading
on The Nasdaq Capital Market under the symbol “UNCY.” Prior to that time, there was no public market for our common stock.
Stockholders
As of March 28, 2023, there were 73 stockholders
of record of our common stock. The actual number of holders of our common stock is greater than this number of record holders, and includes
stockholders who are beneficial owners, but whose shares are held in street name by brokers or held by other nominees. This number of
holders of record also does not include stockholders whose shares may be held in trust by other entities.
Dividend Policy
We currently
anticipate that we will retain future earnings for the development, operation and expansion of our business and do not anticipate declaring
or paying any cash dividends for the foreseeable future, except that i n March 2023,we agreed with certain investors to modify our
dividend policy to state that we intend to pay dividends to all stockholders on a quarterly basis in an amount of which the aggregate
of all quarterly dividends shall equal at least seventy-five percent (75%) of our annual net cash flow from operations following the approval
of Renazorb by the FDA if obtained, and the commencement of commercial sales.
Sales of Unregistered Securities
On November 28, 2022, we issued 33,500 shares
of restricted common stock to RedChip for investor advisory services. The foregoing issuance was
made in a transaction not involving a public offering pursuant to an exemption from the registration requirements of the Securities Act
in reliance upon Section 4(a)(2) of the Securities Act or Regulation D promulgated under the Securities Act.
ITEM 6. [RESERVED]
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