Expion360 CEO and President resign; new CEO Joseph Hammer appointed; raises $1.3M private placement

Expion360 Inc.

CEO Brian Schaffner and President Paul Shoun resigned Oct 16; each gets 24 months severance and 100k RSUs.
Joseph Hammer appointed CEO and Chairman; annual base salary $330k; also advises lead investor Pioneer Capital.
Scott Burell appointed independent director; also CFO of Trailblazer Merger Corp I (TBMC).
Company raised ~$1.1M net from private placement of 613,077 shares at $1.65 plus pre-funded warrant.
Proceeds to pay severance obligations and for working capital.

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