SCWorx Corp. 10-K

Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information for Common Stock Our common stock was listed on the Nasdaq Capital Market under the symbol “AMMA” from October 6, 2016 through February 3, 2019. Our symbol was changed to “WORX” on February 4, 2019 in connection with the closing of the SCWorx acquisition. The following table sets forth for the indicated periods the high and low closing prices for SCWorx’s common stock as reported on the NASDAQ Capital Market. 2022 2021 High Low High Low First Quarter $ 1.38 $ 0.70 $ 3.08 $ 1.28 Second Quarter $ 1.13 $ 0.65 $ 2.49 $ 1.28 Third Quarter $ 0.86 $ 0.60 $ 5.00 $ 1.45 Fourth Quarter $ 0.73 $ 0.38 $ 2.28 $ 1.16 Holders of Record As of March 20, 2023, there were 13,010,409 outstanding shares of common stock held by 86 stockholders of record. Dividends We have never declared or paid any cash dividends on our shares of common stock, and we do not expect to pay cash dividends in the foreseeable future. We anticipate that we will retain any earnings to support operations and to finance the growth and development of our business. Any future determination relating to our dividend policy will be made at the discretion of our Board of Directors and will depend on a number of factors, including future earnings, capital requirements, financial conditions and future prospects and other factors the Board of Directors may deem relevant. Furthermore, our ability to pay dividends is limited by the Delaware General Corporation Law, which provides that a corporation may pay dividends only out of existing “surplus,” which is defined as the amount by which a corporation’s net assets exceeds its stated capital. Refer to Note 8, Stockholders’ Equity, in the accompanying consolidated financial statements, for a non–cash dividend related to the decrease in the exercise price of certain warrants. Item 6. [Reserved] 26