GNPX 2017 Annual Report

75 PART II Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information Our common stock began trading on the NASDAQ Capital Market under the symbol “GNPX” on March 29, 2018. Prior to that date, there was no public trading market for our common stock. Holders of Record As of April 6, 2018, there were approximately 133 stockholders of record of our common stock. The actual number of stockholders 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 and other nominees. This number of holders of record also does not include stockholders whose shares may be held in trust or by other entities. Dividend Policy We have never declared or paid cash dividends on our capital stock. We currently intend to retain all available funds and any future earnings for use in the operation of our business and do not anticipate paying any dividends on our common stock in the foreseeable future. Any future determination to declare dividends will be made at the discretion of our board of directors and will depend on, among other factors, our financial condition, operating results, capital requirements, contractual restrictions, general business conditions and other factors that our board of directors may deem relevant. In addition, the terms of our loan and security agreement prohibit us from paying cash dividends. Securities Authorized for Issuance Under Our Equity Compensation Plans The following table sets forth information as of December 31, 2017 regarding shares of common stock that may be issued under our 2009 Equity Incentive Plan or upon the exercise of warrants issued to a provider of services to us, in each case after giving effect to the 6.6841954-for-1 forward split of our common stock effected in connection with the completion of our initial public offer gin in April . 2018 As of the closing of our initial public offering, no additional equity awards will be made under our 2009 Equity Incentive Plan. In connection with the closing of our initial public offering on April 3, 2018, our 2018 Equity Incentive Plan and 2018 Employee Stock Purchase Plan became effective. Plan category Number of shares of common stock to be issued upon exercise of outstanding options and warrants (a) Weighted- average exercise price of outstanding options and warrants (b) Number of shares of common stock remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) Equity compensation plans approved by stockholders 2,628,749 $ 1.31 554,963 Equity compensation plans not approved by stockholders (1) 205,404 $ 4.87 — (1) Consists of two warrants issued to a provider of services to us. Recent Sales of Unregistered Securities During the 12 months ended December 31, 2017, we issued and sold the following unregistered securities (excluding those previously disclosed in a Quarterly Report on Form 10-Q or in a Current Report on Form 8-K), in each case giving effect to the conversion of each share of our outstanding preferred stock into one share of our common stock and the 6.6841954-for-1 forward split of our common stock effected in connection with the completion of our initial public offering in April 2018: (1) On January 1, April 1, July 1 and October 1, 2017, we issued an aggregate of 133,684 shares of our common stock to a consultant in consideration of services provided by the consultant.