What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2026-03-17 compared with 2025-03-31 · 20 added, 28 removed, 0 unchanged (100% of the section changed)

MARKET FOR REGISTRANT’S COMMON

EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our common stock began trading on

Nasdaq on April 1, 2022 under the symbol “XPON.” As of March 25, 2025, there were approximately 16 registered holders of our

common stock, which does not include beneficial owners of our common stock whose shares are held in the names of various securities brokers,

dealers, and registered clearing agencies .

Dividend Policy

We 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, 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.

Stock Performance Graph

As a smaller reporting company (as

defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by Item 201(e) of Regulation S-K.

Recent Sales of Unregistered Securities from

Registered Securities

There were no sales of unregistered

equity securities during the fiscal year ended December 31, 2024 that were not previously reported in a Quarterly Report on Form 10-Q

or Current Report on Form 8-K.

Purchases of Equity Securities by the Issuer

and Affiliated Purchasers

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

common stock began trading on Nasdaq on April 1, 2022 under the symbol “XPON.” As of March 11, 2026, there were approximately

17 registered holders of our common stock, which does not include beneficial owners of our common stock whose shares are held in the

names of various securities brokers, dealers, and registered clearing agencies .

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, 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

a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for

by Item 201(e) of Regulation S-K.

Sales of Unregistered Securities

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