Expion360 lowers warrant exercise price to $1.31 to induce immediate exercise and raise cash

Expion360 Inc.

Entry into inducement letter with majority Series A and all January warrant holders; exercise price reduced from $5.206 and $2.36 to $1.31 per share.
Warrants must be exercised immediately upon acceptance; company receives cash proceeds to simplify capitalization.
Substantial majority of Series A warrants and all January warrants are included; underlying shares are registered for resale.
Company also reaffirms prior representations and warrants compliance with Nasdaq rules.

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