Expion360 Inc. Files 8-K on Material Agreements
Ticker: XPON · Form: 8-K · Filed: 2025-01-03T00:00:00.000Z
Sentiment: neutral
Topics: material-agreement, equity-sale, 8-k
TL;DR
Expion360 filed an 8-K detailing material agreements and equity sales.
AI Summary
Expion360 Inc. filed an 8-K on January 3, 2025, reporting on events that occurred on January 2, 2025. The filing indicates a material definitive agreement, unregistered sales of equity securities, and other events, including financial statements and exhibits. The company is incorporated in Nevada and its principal executive offices are located in Redmond, Oregon.
Why It Matters
This 8-K filing signals significant corporate actions by Expion360 Inc., potentially impacting its financial structure and operational status.
Risk Assessment
Risk Level: medium — The filing mentions unregistered sales of equity securities, which can sometimes indicate financial distress or dilution concerns.
Key Players & Entities
- Expion360 Inc. (company) — Registrant
- January 2, 2025 (date) — Earliest event reported
- January 3, 2025 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Redmond, OR (location) — Principal executive offices
FAQ
What specific material definitive agreement was entered into by Expion360 Inc. on January 2, 2025?
The filing indicates the entry into a material definitive agreement but does not provide specific details within the provided text.
What were the details of the unregistered sales of equity securities reported in the 8-K?
The filing confirms unregistered sales of equity securities occurred, but the specific terms and amounts are not detailed in the provided excerpt.
What other events are reported by Expion360 Inc. in this 8-K filing?
Besides the material definitive agreement and unregistered equity sales, the filing also notes 'Other Events' and 'Financial Statements and Exhibits'.
When was Expion360 Inc. incorporated, and where are its principal executive offices located?
Expion360 Inc. was incorporated in Nevada, and its principal executive offices are located at 2025 SW Deerhound Avenue, Redmond, OR 97756.
What is the Commission File Number for Expion360 Inc.'s 8-K filing?
The Commission File Number for this 8-K filing is 001-41347.
Filing Stats: 1,419 words · 6 min read · ~5 pages · Grade level 11.6 · Accepted 2025-01-03 17:27:08
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share XPON The Nasdaq Capital M
- $2.48 — res"). The offering price per Share was $2.48 and the offering price per Pre-Funded W
- $2.479 — fering price per Pre-Funded Warrant was $2.479. Each Pre-Funded Warrant is exercisab
- $50,000,000 — uance and sale of up to an aggregate of $50,000,000 of common stock, preferred stock, debt
- $2.36 — arrant Shares") at an exercise price of $2.36 per share, subject to adjustment for re
- $75,000 — in of out-of-pocket expenses, including $75,000 for reasonable legal fees and disbursem
- $2.2 million — received net proceeds of approximately $2.2 million from the offering, after deducting plac
- $500,000 — he Company intends to use approximately $500,000 of the net proceeds from the offering t
Filing Documents
- xpon_8k.htm (8-K) — 49KB
- ex1_1.htm (EX-1.1) — 76KB
- ex4_1.htm (EX-4.1) — 99KB
- ex4_2.htm (EX-4.2) — 105KB
- ex5_1.htm (EX-5.1) — 12KB
- ex10_1.htm (EX-10.1) — 225KB
- ex10_2.htm (EX-10.2) — 88KB
- ex99_1.htm (EX-99.1) — 9KB
- ex99_2.htm (EX-99.2) — 8KB
- 0001903596-25-000006.txt ( ) — 1017KB
- xpon-20250103.xsd (EX-101.SCH) — 3KB
- xpon-20250103_lab.xml (EX-101.LAB) — 33KB
- xpon-20250103_pre.xml (EX-101.PRE) — 22KB
- xpon_8k_htm.xml (XML) — 4KB
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: January 3, 2025 By: /s/ Brian Schaffner Name: Brian Schaffner Title: Chief Executive Officer