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
Market Information
Our common stock has been listed on the Nasdaq Capital Market since May 28, 2021. Our common stock and warrants have been trading on the Nasdaq Capital Market under the symbols “NXPL” and “NXPLW,” respectively, since January 21, 2022.
Holders of Common Equity
As of March 27, 2026, we had 27,026,215 shares of our common stock issued and outstanding held by approximately 739 stockholders of record.
Dividend Policy
We have never paid any cash dividends on our capital stock and do not anticipate paying any cash dividends on our common stock in the foreseeable future. We intend to retain future earnings to fund ongoing operations and future capital requirements. Any future decision to pay cash dividends will be at the discretion of our Board of Directors and will be dependent upon financial condition, results of operations, capital requirements and such other factors as the Board of Directors deems relevant.
Issuer Purchases of Equity Securities
On December 16, 2024, the Board of Directors authorized a $2.0 million share repurchase program valid for one year. The Company may repurchase shares from time to time under the program through various methods, including in open market transactions, block trades, privately negotiated transactions, and otherwise. The timing, as well as the number and value of shares repurchased under the program, will depend on a variety of factors. The Company is not obligated to purchase any shares under the repurchase program, and the program may be suspended, modified, or discontinued at any time without prior notice. The repurchased shares are held as treasury stock. The authorized share repurchase program expired on December 16, 2025 and has not been extended as of the date of filing this Annual Report on Form 10-K.
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The following table provides information with respect to purchases by the Company of shares of its Common Stock during the fourth quarter of 2025:
Approximate Dollar Value
Total Number of
Total Number of Shares
of Shares that May Yet Be
Common Shares
Average Price
Purchased as Part of Publicly
Purchased Under the
Period
Purchased
Paid per Share
Announced Plan or Program
Plan or Program
(in thousands, except shares and per share data)
October 1, 2025 through October 31, 2025
—
$
—
—
$
1,900
November 1, 2025 through November 30, 2025
—
$
—
—
$
1,990
December 1, 2025 through December 31, 2025
—
$
—
—
$
1,900
Total
—
$
—
—
$
1,900
Equity Compensation Plan Information
The following table outlines our Equity Compensation Plan information:
Plan category
Number of securities to be issued upon exercise of outstanding options, warrants and rights
Weighted- average exercise price of outstanding options, warrants and rights
Number of securities remaining available for future issuance under equity compensation plans
Equity compensation plans approved by security holders:
Equity compensation plans 2020 Incentive Plan
523,000
$
0.26
50,600
Equity compensation plans 2021 Incentive Plan
295,000
0.32
1,351,726
Equity compensation plans not approved by security holders:
2018 Incentive Plan
-
-
1,333
Equity compensation issued pursuant to individual compensation arrangements
1,697,421
2.51
-
Total
2,515,421
$
3.09
1,403,659
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ITEM 6. [RESERVED]