secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001903596-22-000149
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 5.02, 5.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359622000149/0001903596-22-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359622000149/sfsxpon8k040522.htm
  HTML page:      https://secwatch.observer/filing/0001903596-22-000149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer