Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR COMPANY’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Market
Information
As
of August 7, 2025, our common stock is listed on Nasdaq under the symbol “YYAI”.
The last reported sales price for our common stock as reported on Nasdaq on August 7, 2025 was $4.53.
Holders
of Record
On
August 7, 2025, there were 509 holders of record of our common stock, as reported by the Company’s transfer agent. In computing
the number of holders of record, each broker-dealer and clearing corporation holding shares on behalf of its customers is counted as
a single shareholder. The number of record holders does not include beneficial owners of common stock whose shares are held in the names
of banks, brokers, nominees, or other fiduciaries and holders of unissued shares common stock.
Dividends
We
have never declared or paid any cash dividends on our common stock, nor do we anticipate paying any in the near future. Furthermore,
we expect to retain any future earnings to finance our operations and expansion. The payment of cash dividends in the future will be
at the discretion of our Board of Directors.
Equity
Compensation Plans
On
November 11, 2020, the Board of Directors of the Company approved the Slinger Bag Inc. Global Share Incentive Plan (2020) (the “2020
Plan”), which was approved by stockholders holding in the aggregate 999,375 shares of the Company’s common stock, or approximately
75.4% of the Company’s common stock outstanding on such date. The 2020 Plan provides for the grant of awards which are incentive
stock options (“ISOs”), non-qualified stock options (“NQSOs”), unrestricted stock, restricted stock, restricted
stock units, performance stock, and other equity-based and cash awards or any combination of the foregoing, to eligible key management
employees, non-employee directors, and non-employee consultants of the Company or any of its subsidiaries (each a “participant”)
(however, solely employees of the Company and its subsidiaries are eligible for incentive stock option awards).
The
Company currently reserves a total of 1,537,500 shares for issuance under awards to be made under the 2020 Plan, all of which may, but
need not, be issued in connection with ISOs. To the extent that an award lapses, expires, is canceled, is terminated unexercised or ceases
to be exercisable for any reason, or the rights of its holder terminate, any shares subject to such award shall again be available for
the grant of a new award. The 2020 Plan shall continue in effect, unless sooner terminated, until the tenth (10th) anniversary of the
date on which it was adopted by the Board of Directors (except as to awards outstanding on that date). The Board of Directors in its
discretion may terminate the 2020 Plan at any time with respect to any shares for which awards have not theretofore been granted; provided,
however, that the 2020 Plan’s termination shall not materially and adversely impair the rights of a holder, without the consent
of the holder, with respect to any award previously granted.
Future
new hires, non-employee directors, and additional non-employee consultants are eligible to participate in the 2020 Plan, as well. The number
of awards to be granted to officers, non-employee directors, employees, and non-employee consultants cannot be determined at this time
as the grant of awards is dependent upon various factors such as hiring requirements and job performance.
Recent
Sales of Unregistered Securities; Use of Proceeds from Registered Securities
On
November 21, 2024, the Company issued 8,127,572 shares of common stock to Hongyu Zhou in exchange for 5,000 ordinary shares of YYEM to
complete the acquisition of a 70% ownership stake in YYEM. There have been no sales of securities since then.
Issuer
Purchases of Equity Securities
None.
ITEM
6. SELECTED FINANCIAL DATA
Not
applicable to smaller reporting companies.
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