{"schema_version":"secwatch.filing_event.v1","accession":"0001903596-26-000317","form_type":"8-K","ticker":"XPON","cik":"0001894954","company_name":"Expion360 Inc.","filed_at":"2026-08-24T12:35:14+00:00","discovered_at":"2026-08-24T12:40:00.406972+00:00","generated_at":"2026-08-24T12:40:16.488767+00:00","sec_items":["1.01","5.02","5.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Expion Energy raises $9M, acquires Eastern Louisiana oil & gas assets, names new CEO","bullets":["$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"],"urls":{"canonical":"https://secwatch.observer/filing/0001903596-26-000317","json":"https://secwatch.observer/filing/0001903596-26-000317.json","markdown":"https://secwatch.observer/filing/0001903596-26-000317.md","text":"https://secwatch.observer/filing/0001903596-26-000317.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1894954/000190359626000317/0001903596-26-000317-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1894954/000190359626000317/xpon_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-24T12:40:16.488767+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"03c490ab59","claim":"Joseph Hammer departed as Chairman of the Board at Expion360 Inc..","evidence_excerpt":"Joseph Hammer, the Chief Executive Officer and Chairman of the Board of the Company, is resigning from his role as Chief Executive Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1894954/000190359626000317/0001903596-26-000317-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigning"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"081c77b3fd","claim":"Kevin Sellers was appointed as Chief Executive Officer at Expion360 Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1894954/000190359626000317/0001903596-26-000317-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"bed423a78d","claim":"Kevin Sellers was appointed as Director at Expion360 Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1894954/000190359626000317/0001903596-26-000317-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}