secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001903596-24-000604
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Expion360 holders approve reverse split 1:50-1:100; two directors face majority withheld votes
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- Reverse stock split approved (for 3,622,846 vs 556,583); ratio between 1-for-50 and 1-for-100, board to decide timing.
- Directors Schaffner, Shoun, Shum elected; Lefevre and Nguyen received majority withheld votes (2.2M withheld each) but were elected per filing.
- Authorized share reduction proposal did not pass (3.77M for, 401,574 against).
- Series A and Series B warrant issuances approved conditionally upon reverse split.
- Auditor M&K CPAS ratified with 4.04M for.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000604/0001903596-24-000604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359624000604/xpon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-24-000604

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