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
Our common stock has traded since the Merger on the Nasdaq Capital Market on August 27, 2021, under the symbol “AADI.”
Stockholders
As of March 23, 2023, there were 86 stockholders of record of our common stock.
Dividends
We have never declared nor paid any cash dividends to stockholders. We do not intend to pay cash dividends on our common stock for the foreseeable future, and currently intend to retain any future earnings to fund our operations and the development and growth of our business. The declaration of any future cash dividends, if any, would be at the discretion of our board of directors (subject to limitations imposed under applicable Delaware law) and would depend on our earnings, if any, our capital requirements and financial position, our general economic conditions and other pertinent conditions.
Unregistered Sales of Equity Securities and Use of Proceeds
There have been no unregistered sales of securities other than previously disclosed by us on Form 10-Q or Form 8-K.
Issuer Purchases of Equity Securities
There were no repurchases of shares of common stock made during the year ended December 31, 2022 .
Item 6. [Reserved] .
102
Table of Contents
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.