Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
(a)
Market Information
Our
Common Stock was quoted on the Pink Open Market maintained by the OTC Markets Group Inc. (the “OTC”) under the symbol
“MDEX” from April 26, 2006 to July 14, 2023 and is now quoted on the Expert Market operated by the OTC since July
17, 2023. Quotations of Expert Market securities are restricted from public viewing. It is our objective that the Common Stock
once again be quoted on the Pink Open Market, but there is no assurance that we will be successful in such regard. The following
table lists the high and low prices of our Common Stock for each of our fiscal quarters for the last two fiscal years and for
the year ended December 31, 2025. The price information was obtained from the OTC and reflects inter-dealer prices, without retail
mark-up, mark-down or commission, and may not represent actual transactions.
High
and Low Prices of the Common Stock
For
the Period Ended
High
Low
Source
December
31, 2025
$
0.0135
$
0.0002
OTC
Markets Group Inc
September
30, 2025
$
0.0002
$
0.0002
OTC
Markets Group Inc.
June
30, 2025
$
0.0002
$
0.0002
OTC
Markets Group Inc.
March
31, 2025
$
0.0002
$
0.0002
OTC
Markets Group Inc.
December
31, 2024
$
0.0003
$
0.0003
OTC
Markets Group Inc.
September
30, 2024
$
0.0003
$
0.0003
OTC
Markets Group Inc.
June
30, 2024
$
0.0020
$
0.0002
OTC
Markets Group Inc.
March
31, 2024
$
0.0001
$
0.0001
OTC
Markets Group Inc.
December
31, 2023
$
0.0003
$
0.0001
OTC
Markets Group Inc.
September
30, 2023
$
0.0017
$
0.0020
OTC
Markets Group Inc.
June
30, 2023
$
0.0042
$
0.0012
OTC
Markets Group Inc.
March
31, 2023
$
0.0174
$
0.0016
OTC
Markets Group Inc.
December
31, 2022
$
0.0310
$
0.0030
OTC
Markets Group Inc.
September
30, 2022
$
0.1100
$
0.0000
OTC
Markets Group Inc.
June
30, 2022
$
0.2180
$
0.0670
OTC
Markets Group Inc.
March
31, 2022
$
0.2500
$
0.0500
OTC
Markets Group Inc.
21
(b)
Holders of Record
We
have approximately 52 holders of record of our Common Stock as of December 31, 2025,
according to a shareholders list provided by Madison’s transfer agent as of that date. The number of registered shareholders
does not include any estimate by us of the number of beneficial owners of Common Stock held in street name. The transfer agent
for our Common Stock is Pacific Stock Transfer Company, 6725 Via Austi Pkwy, Suite 300, Las Vegas, Nevada 89119 and its telephone
number is (800) 785-7782.
(c)
Dividends
We
have declared no dividends on our Common Stock, and we are not subject to any restrictions that limit our ability to pay dividends
on our shares of Common Stock. Dividends are declared at the sole discretion of our Board of Directors and we do not plan to pay
dividends in the future.
(d)
Securities Authorized for Issuance under Equity Compensation Plans
As
of December 31, 2025, we have not adopted an equity compensation plan. In January 2026, we adopted the Madison Technologies Inc.
2026 Omnibus Equity Incentive Plan (the “Incentive Plan”) and reserved 168,000,000 shares of our Common Stock for
the Incentive Plan.
(e)
Recent Sales of Unregistered Securities
On
December 30, 2025, we issued 75,000,000 shares of unregistered Common Stock in satisfaction of a conversion notice submitted by
a lender for partial repayment of our debt.
(f)
Penny Stock Rules
Trading
in our Common Stock is subject to the “penny stock” rules. The SEC has adopted regulations that generally define a
penny stock to be any equity security that has a market price of less than $5.00 per share, subject to certain exceptions. These
rules require that any broker-dealer who recommends our Common Stock to persons other than prior customers and accredited investors,
must, prior to the sale, make a special written suitability determination for the purchaser and receive the purchaser’s
written agreement to execute the transaction. Unless an exception is available, the regulations require the delivery, prior to
any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the risks associated with
trading in the penny stock market. In addition, broker-dealers must disclose commissions payable to both the broker-dealer and
the registered representative and current quotations for the securities they offer. The additional burdens imposed upon broker-dealers
by such requirements may discourage broker-dealers from effecting transactions in our securities, which could severely limit their
market price and liquidity of our securities. The application of the “penny stock” rules may affect your ability to
resell our securities.
22
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.