Expion360 Inc. Files 8-K on Security Holder Rights

TL;DR

Expion360 8-K filed: changes to security holder rights and bylaws.

AI Summary

Expion360 Inc. filed an 8-K on October 7, 2024, reporting events as of October 4, 2024. The filing indicates material modifications to the rights of security holders and amendments to its articles of incorporation or bylaws. It also lists other events and financial statements/exhibits.

Why It Matters

This filing signals potential changes affecting the rights and structure of Expion360 Inc.'s securities, which could impact investors.

Risk Assessment

Risk Level: medium — Filings related to modifications of security holder rights and amendments to corporate bylaws can introduce uncertainty and potential shifts in shareholder value.

Key Players & Entities

• Expion360 Inc. (company) — Registrant
• October 4, 2024 (date) — Earliest event reported date
• October 7, 2024 (date) — Date of report
• Nevada (jurisdiction) — State of incorporation
• 2025 SW Deerhound Avenue Redmond, OR 97756 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share XPON The Nasdaq Capital M

Filing Documents

• xpon_8k.htm (8-K) — 36KB
• ex3_1.htm (EX-3.1) — 3KB
• ex99_1.htm (EX-99.1) — 15KB
• ex3_1-001.jpg (GRAPHIC) — 378KB
• ex3_1-002.jpg (GRAPHIC) — 291KB
• ex3_1-003.jpg (GRAPHIC) — 222KB
• image_001.jpg (GRAPHIC) — 5KB
• 0001903596-24-000610.txt ( ) — 1465KB
• xpon-20241004.xsd (EX-101.SCH) — 3KB
• xpon-20241004_lab.xml (EX-101.LAB) — 33KB
• xpon-20241004_pre.xml (EX-101.PRE) — 22KB
• xpon_8k_htm.xml (XML) — 4KB

03. Material Modification to Rights of Security Holders

Item 3.03. Material Modification to Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the information regarding the Reverse Stock Split (as defined herein) contained in Item 5.03 of this Current Report on Form 8-K (this "Current Report") is incorporated by reference herein.

03 Amendments to Articles of Incorporation or Bylaws; Change

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. As previously announced, at the Annual Meeting of Stockholders of Expion360 Inc. (the "Company"), held on September 27, 2024 (the "2024 Annual Meeting"), the stockholders of the Company approved an amendment to the Company's Articles of Incorporation to effect a reverse stock split of the Company's outstanding shares of common stock, par value $0.001 per share (the "Common Stock") at a ratio between 1-for-50 and 1-for-100 at any time within one year after stockholder approval is obtained, with the timing of the filing of the Amendment, and the exact reverse stock split ratio, to be determined in the sole discretion of the Company's Board of Directors (the "Board"). On September 27, 2024, following the 2024 Annual Meeting, the Board determined to implement the reverse stock split of the Common Stock at a 1-for-100 ratio (the "Reverse Stock Split") and approved the filing of a Certificate of Amendment (the "Certificate of Amendment") of the Articles of Incorporation of the Company to effect the Reverse Stock Split. On October 4, 2024, the Certificate of Amendment to effect the Reverse Stock Split was filed with the Secretary of State of Nevada. The Reverse Stock Split will become effective at 5:00 p.m. Pacific Time on October 8, 2024 (the "Effective Time"). The Common Stock will continue to trade on The Nasdaq Capital Market under the symbol "XPON" and will begin trading on a post-split basis when the market opens on October 9, 2024. At the Effective Time of the Reverse Stock Split, every 100 shares of the Company's issued and outstanding Common Stock will be combined into one share of Common Stock issued and outstanding, with no change to the par value of $0.001 per share. No fractional shares of Common Stock will be issued as a result of the Reverse Stock Split and instead each holder of Common Stock who would otherwise be entitled to receive a fractional share as a result of the

01. Other Events

Item 8.01. Other Events. On October 7, 2024, the Company issued a press release announcing the Reverse Stock Split. A copy of the press release is attached as Exhibit 99.1 to this Current Report.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 3.1 Certificate of Amendment of the Articles of Incorporation 99.1 Press Release dated October 7, 2024 104 Cover Page Interactive Data File (embedded within the inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXPION360 INC. Date: October 7, 2024 By: /s/ Brian Schaffner Name: Brian Schaffner Title: Chief Executive Officer