Item 5. Market for Registrant’s Common Equity
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.
On October 6, 2023, following
stockholder approval at the Company’s annual meeting, the Company amended its certificate of incorporation to implement a 1 for
15 reverse split of its common stock. The effect of the reverse stock split was to combine every 15 shares of outstanding common stock
into one share of common stock. The reverse stock split was effective at the opening of the trading day on October 11, 2023.
The effects of the reverse
stock split have been reflected in this Annual Report on Form 10-K for all periods presented.
2024
2023
High
Low
High
Low
First Quarter
$ 3.89
$ 1.20
$ 7.38
$ 4.80
Second Quarter
$ 3.78
$ 1.70
$ 9.90
$ 3.18
Third Quarter
$ 1.62
$ 0.98
$ 5.70
$ 2.72
Fourth Quarter
$ 3.00
$ 0.90
$ 3.23
$ 1.65
Holders of Record
As of March 31, 2025, there
were 2,105,755 outstanding shares of common stock held by 434 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.
Item 6. [Reserved]
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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.