Expion Energy raises $9M, acquires Eastern Louisiana oil & gas assets, names new CEO

Expion360 Inc.

$9M 8% convertible debentures due Aug 21, 2029; net proceeds ~$8.2M; warrants for 2,117,219 shares at $4.25 exercise
Acquires Eastern Louisiana oil & gas target for $3.5M cash (adjusted $3.425M); ~3,000 net acres leasehold, wellbore, 13,000-acre title research
Exploration agreement: up to $4M commitment, ≥$2.5M for leasing; mandatory lateral well ≥4,000 ft by Feb 15, 2027; ~75% net revenue interest
CEO Joseph Hammer resigns Aug 24, 2026, stays interim Chairman; Kevin Sellers (Cynergy founder) appointed CEO and director
Additional Investment Right: up to $91M more preferred stock; FNL (affiliated with outgoing CEO Hammer) is lead purchaser

item 1.01 item 5.02 item 5.03 item 7.01 item 9.01

Featured in Daily 8-K Digest

Selected #3 for 2026-08-24. Read digest

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change (interim)

Joseph Hammer

Chairman of the Board

XPON · Expion360 Inc.

Effective: 2026-08-24
Successor: Kevin Sellers
Filed: August 24, 2026, 8:35 AM ET

Joseph Hammer, the Chief Executive Officer and Chairman of the Board of the Company, is resigning from his role as Chief Executive Officer.

Appointed

Kevin Sellers

Chief Executive Officer

XPON · Expion360 Inc.

Effective: 2026-08-24
Filed: August 24, 2026, 8:35 AM ET

The Board has appointed Kevin Sellers to serve as the Company’s Chief Executive Officer and as a member of the Board, effective immediately upon Mr. Hammer’s resignation.

Appointed

Kevin Sellers

Director

XPON · Expion360 Inc.

Effective: 2026-08-24
Filed: August 24, 2026, 8:35 AM ET

The Board has appointed Kevin Sellers to serve as the Company’s Chief Executive Officer and as a member of the Board, effective immediately upon Mr. Hammer’s resignation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Hammer departed as Chairman of the Board at Expion360 Inc..

Action: resigning
Role: Chairman of the Board

Exact text from the filing

Joseph Hammer, the Chief Executive Officer and Chairman of the Board of the Company, is resigning from his role as Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Sellers was appointed as Chief Executive Officer at Expion360 Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Board has appointed Kevin Sellers to serve as the Company’s Chief Executive Officer and as a member of the Board, effective immediately upon Mr. Hammer’s resignation.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Sellers was appointed as Director at Expion360 Inc..

Action: appointed
Role: Director

Exact text from the filing

The Board has appointed Kevin Sellers to serve as the Company’s Chief Executive Officer and as a member of the Board, effective immediately upon Mr. Hammer’s resignation.

View on SEC.gov

Expion360 Inc. filing history →

Source: SEC EDGAR

accession 0001903596-26-000317

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