Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY,
RELATED STOCKHOLDER MATTERS AN ISSUER PURCHASES OF EQUITY SECURITIES.
Market
Our common
stock currently trades on the OTC Markets Pink Sheets under the symbol
HNOI.
The table below sets forth for
the periods indicated the quarterly high and low bid prices as reported by OTC Markets. Limited trading volume has occurred during these
periods. These quotations reflect inter-dealer prices, without retail mark-up, mark-down, or commission and may not necessarily represent
actual transactions.
Fiscal Year Ended October 31, 2025:
High
Low
First Quarter
$ 1.16
$ 0.98
Second Quarter
$ 0.96
$ 0.83
Third Quarter
$ 0.57
$ 0.49
Fourth Quarter
$ 0.48
$ 0.42
Fiscal Year Ended October 31, 2024:
High
Low
First Quarter
$ 0.63
$ 0.52
Second Quarter
$ 1.08
$ 1.02
Third Quarter
$ 1.01
$ 0.95
Fourth Quarter
$ 1.20
$ 1.13
Holders of Our Common Stock
As of February 6, 2026, there
were approximately 687 stockholders of record. Because shares of our Common Stock are held by depositaries, brokers and other nominees,
the number of beneficial holders of our shares is substantially larger than the number of stockholders of record.
Dividends
We have not declared
or paid dividends on shares of our common stock and we do not expect to declare or pay dividends on shares of our common stock for the
foreseeable future. We intend to retain earnings, if any, to finance the development and expansion of our business. Our future dividend
policy will be subject to the discretion of our board of directors and will depend upon our future earnings, if any, our financial condition,
and other factors deemed relevant by the board.
Transfer Agent
The transfer agent and registrar,
for our common stock is Pacific Stock Transfer Co. The transfer agent’s address is 6725 Via Austi Parkway, Suite 300, Las Vegas,
NV 89119 and its telephone number is (702) 361-3033.
Securities Authorized
for Issuance under Equity Compensation Plans
None.
Recent Sales of Unregistered Securities
The following table includes all
unregistered sales of securities made by us during the year ended October 31, 2025:
21
Date
Name
Consideration
Securities
Exemption from Registration
11/13/2024
Grishmeshwar Prasad Sinha
Cash
11,111
Rule 506 (b) of Regulation D
12/5/2024
Dharunkumar Sadasivam
Cash
9,091
Rule 506 (b) of Regulation D
1/7/2025
Dharunkumar Sadasivam
Cash
9,091
Rule 506 (b) of Regulation D
2/18/2025
John Michael Mosby
Cash
500,000
Rule 506 (b) of Regulation D
2/19/2025
Gordon E Mosby
Cash
500,000
Rule 506 (b) of Regulation D
2/19/2025
Gordon E Mosby
Cash
500,000
Rule 506 (b) of Regulation D
2/26/2025
Dwight McNeal Ford
Cash
125,000
Rule 506 (b) of Regulation D
2/28/2025
Gordon E Mosby
Cash
500,000
Rule 506 (b) of Regulation D
3/3/2025
Dwight McNeal Ford
Cash
75,000
Rule 506 (b) of Regulation D
3/10/2025
Ubong E Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
3/10/2025
Eno Ituen
Cash
333,333
Rule 506 (b) of Regulation D
3/12/2025
Deborah D. Phillips
Cash
250,000
Rule 506 (b) of Regulation D
3/12/2025
Dwight M Ford
Cash
50,000
Rule
506 (b) of Regulation D
3/14/2025
Deborah D. Phillips
Cash
250,000
Rule 506 (b) of Regulation D
3/17/2025
Dwight M Ford
Cash
50,000
Rule 506 (b) of Regulation D
3/20/2025
Ramanathan Gnanadesikan
Cash
350,000
Rule 506 (b) of Regulation D
3/26/2025
Yi Li
Cash
75,000
Rule 506 (b) of Regulation D
5/13/2025
Johnny Smith
Cash
400,000
Rule 506 (b) of Regulation D
5/13/2025
Samuel Austin Cutler
Cash
100,000
Rule 506 (b) of Regulation D
5/23/2025
Ubong E. Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
5/30/2025
Theodore O. Spaulding III
Cash
400,000
Rule 506 (b) of Regulation D
6/2/2025
Samuel Austin Cutler
Cash
300,000
Rule 506 (b) of Regulation D
6/5/2025
Eno Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
6/18/2025
Vindicated Phoenix Corp.
Cash
400,000
Rule 506 (b) of Regulation D
6/18/2025
Samuel Austin Cutler
Cash
100,000
Rule 506 (b) of Regulation D
6/18/2025
Jyi Chao Li
Cash
340,000
Rule 506 (b) of Regulation D
6/18/2025
Deborah
D. Phillips
Cash
1,200,000
Rule 506 (b) of Regulation D
7/7/2025
Eno
Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
7/3/2025
Ubong
E. Ituen
Cash
1,000,000
Rule 506 (b) of Regulation D
6/30/2025
Vindicated Phoenix Corporation
Cash
1,000,000
Rule 506 (b) of Regulation D
7/23/2025
Vindicated Phoenix Corporation
Cash
4,800,000
Rule 506 (b) of Regulation D
7/30/2025
Stephen Z Morrell
Cash
50,000
Rule 506 (b) of Regulation D
7/10/2025
Samuel Austin Cutler
Cash
100,000
Rule 506 (b) of Regulation D
8/13/2025
Deborah D. Phillips
Cash
1,000,000
Rule 506 (b) of Regulation D
9/5/2025
John Chaney
Cash
625,000
Rule 506 (b) of Regulation D
9/15/2025
Yi LI
Cash
1,000,000
Rule 506 (b) of Regulation D
9/30/2025
Theodore O. Spaulding III
Cash
1,250,000
Rule 506 (b) of Regulation D
10/2/2025
Deborah D. Phillips
Cash
1,000,000
Rule 506 (b) of Regulation D
No sales commissions were paid
in connection with any of the sales above.
ITEM 6. RESERVED
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.