---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000983"
form_type: "8-K"
ticker: "XPON"
cik: "0001894954"
company_name: "Expion360 Inc."
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T06:06:51.742488+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Expion360 secures $2.75M convertible note and $20M equity line of credit

## Summary
- Issued $2.75M senior unsecured convertible note to 3i, LP; 9% interest, matures Dec 27, 2024.
- Conversion price $6.1421/share; alternate conversion price (on default) at 90% of 10-day VWAP.
- Entered $20M equity line with Tumim Stone Capital; 95% of lowest daily VWAP over 3-day period.
- ELOC shares limited to 40% of daily trading volume or $2M per notice; 24-month term.
- Net proceeds to support working capital, IP/product development, and home energy storage launch.

## SEC filing metadata
- accession: 0001903596-23-000983
- form_type: 8-K
- ticker: XPON
- cik: 0001894954
- company_name: Expion360 Inc.
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1894954/000190359623000983/0001903596-23-000983-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1894954/000190359623000983/xpon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000983
- JSON: https://secwatch.observer/filing/0001903596-23-000983.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000983.txt

## Key facts
- Material Agreements
  Expion360 Inc. entered into Securities Purchase Agreement valued at $2,750,000 (effective 2023-12-27).
  - Action: entry
  - Agreement: notes offering
  - Value: $2,750,000
  - Effective: 2023-12-27
  source text: On December 27, 2023 (the “Closing Date”), Expion360 Inc., a Nevada corporation (the “Company”), entered into that certain securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Note Investor”), pursuant to which the Company sold, and the Note Investor purchased, (a) a senior unsecured convertible note issued by the Company (the “Note,” and such financing, the “Convertible Note Financing”) in the aggregate original principal amount of $2,750,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359623000983/0001903596-23-000983-index.htm
- Material Agreements
  Expion360 Inc. entered into Equity Line Purchase Agreement valued at $20,000,000 (effective 2023-12-27).
  - Action: entry
  - Agreement: equity purchase
  - Value: $20,000,000
  - Effective: 2023-12-27
  source text: On December 27, 2023, the Company entered into that certain common stock purchase agreement (the “Equity Line Purchase Agreement”) with an institutional investor (the “Equity Line Investor”). Under the terms and subject to the conditions of the Equity Line Purchase Agreement, the Company has the right, but not the obligation, to sell to the Equity Line Investor, and the Equity Line Investor is obligated to purchase, up to the lesser of (a) $20,000,000 in aggregate gross purchase price of newly issued Common Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359623000983/0001903596-23-000983-index.htm

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