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Item 5. Market for Registrant’s Common Equity

2024-03-28 compared with 2023-03-30 · 19 added, 21 removed, 17 unchanged (70% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

common stock has been traded on The Nasdaq Capital Market under the symbol “XPON” since April 1, 2022.

Prior to that, there

was no public market for our common stock.

of March 27, 2023, there were 15 holders of record of our Common Stock .

This does not reflect persons or entities that hold our common stock in nominee or “street” name through various brokerage

have never declared or paid any dividends on our common stock and do not anticipate that we will pay any dividends to holders of our

common stock in the foreseeable future.

Instead, we currently plan to retain any earnings to finance the growth of our business.

future determination relating to dividend policy will be made at the discretion of our board of directors and will depend on our financial

condition, results of operations, and capital requirements, as well as other factors deemed relevant by our board of directors.

Authorized for Issuance Under Equity Compensation Plans

information required by this item is incorporated herein by reference to Item 12.

“Security Ownership of Certain Beneficial Owners

and Management and Related Stockholder Matters,” of this Annual Report on Form 10-K.

Common Stock began trading on Nasdaq on April 1, 2022 under the symbol “XPON.” As of March 23, 2024, there were approximately

11 registered holders of our Common Stock .

have never declared or paid cash dividends on our Common Stock.

We do not anticipate declaring or paying any cash dividends on our Common

Stock in the foreseeable future.

We currently intend to retain all available funds and any future earnings to support our operations

and finance the growth and development of our business.

Any future determination related to our dividend policy will be made at the discretion

of our Board and will depend upon, among other factors, our results of operations, financial condition, capital requirements, contractual

restrictions, business prospects, and other factors our Board may deem relevant.

Further, the outstanding 3i Note and any future debt

facilities we may enter into may contain restrictions on our ability to pay dividends or make distributions, and any new credit facilities

we may enter into may contain similar restrictions.

Performance Graph

2 unchanged sentences

Sales of Unregistered Securities from Registered Securities

were no sales of unregistered equity securities during fiscal year ended December 31, 2022 that were not previously reported in a Quarterly

Report on Form 10-Q or Current Report on Form 8-K.

were no sales of unregistered equity securities during the fiscal year ended December 31, 2023 that were not previously reported in a

Quarterly Report on Form 10-Q or Current Report on Form 8-K.

of Proceeds from Registered Securities

6 unchanged sentences

LLC acted as underwriters for the offering.

Shares of our common stock began trading on The Nasdaq Capital Market on April 1, 2022 and,

following the sale of all the shares upon the closing of the initial public offering on April 5, 2022, the offer terminated.

Shares of our common stock began trading on Nasdaq on April 1, 2022 and, following the sale

of all the shares upon the closing of the initial public offering on April 5, 2022, the offer terminated.

offering expenses were paid directly or indirectly to any of our directors, officers, persons owning 10% or more of any class of our

1 unchanged sentence

There has been no material change in the planned use of proceeds from

our initial public offering from that described in the final prospectus for our

initial public offering dated March 31, 2022 and filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act on April 4, 2022

and those disclosed in this Annual Report.

our initial public offering from that described in the final prospectus for our initial public offering dated March 31, 2022, filed with

the SEC pursuant to Rule 424(b)(4) under the Securities Act on April 4, 2022, and those disclosed in this Annual Report.

of Equity Securities by the Issuer and Affiliated Purchasers

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity