---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-22-000149"
form_type: "8-K"
ticker: "XPON"
cik: "0001894954"
company_name: "Expion360 Inc."
filed_at: "2022-04-06T23:59:59+00:00"
generated_at: "2026-06-26T09:13:17.987922+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Expion360 completes IPO of 2.145M shares at $7.00, raises $15.0M

## Summary
- IPO priced at $7.00/share for 2,145,000 shares; gross proceeds of $15.015 million.
- Shares began trading on Nasdaq under 'XPON' on April 1, 2022; offering closed April 5, 2022.
- Concurrently issued warrants to underwriters for 128,700 shares at $9.10, exercisable from Sept 27, 2022 to March 31, 2027.
- Elected three new independent directors: George Lefevre, Steven M. Shum, David Hendrickson.
- Underwriters have a 45-day option to purchase up to 321,750 additional shares for over-allotments.

## SEC filing metadata
- accession: 0001903596-22-000149
- form_type: 8-K
- ticker: XPON
- cik: 0001894954
- company_name: Expion360 Inc.
- filed_at: 2022-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.05, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1894954/000190359622000149/0001903596-22-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1894954/000190359622000149/sfsxpon8k040522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-22-000149
- JSON: https://secwatch.observer/filing/0001903596-22-000149.json
- Plain text: https://secwatch.observer/filing/0001903596-22-000149.txt

## Key facts
- Executive change
  George Lefevre was elected as Director at Expion360 Inc..
  - Action: elected
  - Role: Director
  source text: The New Directors are George Lefevre, Steven M. Shum and David Hendrickson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359622000149/0001903596-22-000149-index.htm
- Executive change
  David Hendrickson was elected as Director at Expion360 Inc..
  - Action: elected
  - Role: Director
  source text: The New Directors are George Lefevre, Steven M. Shum and David Hendrickson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359622000149/0001903596-22-000149-index.htm
- Executive change
  Steven M. Shum was elected as Director at Expion360 Inc..
  - Action: elected
  - Role: Director
  source text: The New Directors are George Lefevre, Steven M. Shum and David Hendrickson.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359622000149/0001903596-22-000149-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.