secwatch.observer — SEC 8-K summary
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Issuer:     Expion360 Inc. (XPON)
CIK:        0001894954
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001903596-25-000006
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expion360 closes $2.6M registered direct offering and private placement of stock and warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894954/000190359625000006/0001903596-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894954/000190359625000006/xpon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-25-000006

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