secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001903596-24-000479
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000479/0001903596-24-000479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000479/xpon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-24-000479

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