secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001903596-24-000584
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000584/0001903596-24-000584-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000584/xpon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-24-000584

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