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 is listed on The Nasdaq Capital Market under the symbol “TELO” and began trading February 9, 2024.
Holders
of Common Stock
As
of February 4th, 2025 , we had approximately 108 holders of record of our common stock. No cash dividends have been paid on the common
stock to date. A significant number of shares of our common stock are held in either nominee
name or street name brokerage accounts, and consequently, we are unable to determine the total number of beneficial owners of our common
stock.
Dividends
We have not paid any cash dividends
on our common stock to date and do not anticipate paying any cash dividends on our common stock in the foreseeable future. We intend to
retain earnings, if any, for the future operation and expansion of our business. Any determination to pay cash dividends in the future
will be at the discretion of our board of directors and will depend upon our results of operations, cash requirements, financial condition,
contractual restrictions, restrictions imposed by applicable laws and other factors that our board of directors may deem relevant
Unregistered
Sales of Equity Securities and Use of Proceeds
We have previously disclosed all
sales of securities without registration under the Securities Act of 1933, as amended.
Issuer
Purchases of Equity Securities
None
Item
6. [Reserved]
47
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