Expion360 closes $10M unit offering, repays $3.4M debt

Expion360 Inc.

Gross proceeds $10M from 50M units at $0.20 each; net proceeds ~$8.7M.
Units: 1 share (or pre-funded warrant) + 2 Series A warrants + 1 Series B warrant.
Proceeds used to repay $0.7M stockholder notes and $2.7M 3i convertible note, plus working capital.
Over-allotment partially exercised: additional 15M Series A and 7.5M Series B warrants.
Aegis Capital Corp. acted as sole bookrunner; underwriting discount 7% plus 1% non-accountable.

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