Expion360 faces Nasdaq delisting; stock at $0.10 or less; appeals hearing requested

Expion360 Inc.

Nasdaq staff determination on Sep 6, 2024: bid price below $1.00 for 30 consecutive days and at $0.10 or less for 10 days.
Company timely requested an appeal hearing, which will stay delisting pending Panel decision.
Company seeks shareholder approval for reverse stock split (ratio 1:50 to 1:100) at annual meeting on Sep 27, 2024.
If approved, plans to implement split to regain compliance by raising share price above $1.00 for 10 consecutive days.
Common stock continues trading on Nasdaq during stay; delisting risk remains if split not effected or compliance not achieved.

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