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.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Expion360 Inc. issued up to 144,498 shares of Common Stock of warrant to two institutional investors for $1.6499 per Pre-Funded Warrant Share.

Security: warrant
Shares: up to 144,498 shares of Common Stock
Purchaser: two institutional investors
Consideration: $1.6499 per Pre-Funded Warrant Share

Exact text from the filing

The offering price per Share was $1.65 and the offering price per Pre-Funded Warrant Share was $1.6499.

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Expion360 Inc. issued 613,077 shares of common stock to two institutional investors for $1.65 per share.

Security: common stock
Shares: 613,077 shares
Purchaser: two institutional investors
Consideration: $1.65 per share

Exact text from the filing

shares of Common Stock (the “ Pre-Funded Warrant Shares ” and, collectively with the Shares and the Pre-Funded Warrant, the “ Securities ”). The offering price per Share was $1.65 and the offering price per Pre-Funded Warrant Share was $1.6499. The Purchase Agreement contains customary representations and warranties, covenants, indemnification rights,

View on SEC.gov

Browse all equity issuances →

Expion360 Inc. filing history →

Source: SEC EDGAR

accession 0001903596-25-000486

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.