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 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 .
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
None.
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
None.
ITEM 6.
[RESERVED]
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