Expion360 (XPON) Closes $2.6M Share Offering

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Go back to Expion360 (XPON) Closes $2.6M Share Offering

Expion360 Inc. Announces Closing of $2.6 Million Registered Direct Offering and Private Placement Priced at the Market Under Nasdaq Rules

January 3, 2025 10:41 AM EST

REDMOND, Ore., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (the Company), an industry leader in lithium-ion battery power storage solutions, today announced the closing of its previously announced registered direct offering and concurrent private placement with institutional investors. The Company issued shares of Common Stock and pre-funded warrants (Pre-Funded Warrants) in a registered direct offering. In a concurrent private placement, the Company also issued to the same investors warrants to purchase Common Stock (the Warrants). Aggregate gross proceeds to the Company from both transactions were approximately $2.6 million. The transactions closed on January 3, 2025. The... More