other material
confidence high
sentiment neutral
materiality 0.65
Expion360 closes $2.6M registered direct offering and private placement of stock and warrants
Expion360 Inc.
- Gross proceeds ~$2.6M from sale of 1,048,386 shares/pre-funded warrants at $2.48/$2.479 plus 1,048,386 warrants exercisable at $2.36.
- Net proceeds ~$2.2M after deducting 8% placement agent fee and expenses.
- $500K of net proceeds to be used for Series A warrant obligations; remainder for working capital.
- Aegis Capital Corp. acted as exclusive placement agent; offering closed on January 3, 2025.