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 March 9, 2026, we had approximately 58
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]
50
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