---
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"
generated_at: "2026-08-24T12:40:16.488767+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-26-000317
- JSON: https://secwatch.observer/filing/0001903596-26-000317.json
- Plain text: https://secwatch.observer/filing/0001903596-26-000317.txt

## Key facts
- Executive change
  Joseph Hammer departed as Chairman of the Board at Expion360 Inc..
  - Action: resigning
  - Role: Chairman of the Board
  source text: Joseph Hammer, the Chief Executive Officer and Chairman of the Board of the Company, is resigning from his role as Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359626000317/0001903596-26-000317-index.htm
- Executive change
  Kevin Sellers was appointed as Chief Executive Officer at Expion360 Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359626000317/0001903596-26-000317-index.htm
- Executive change
  Kevin Sellers was appointed as Director at Expion360 Inc..
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1894954/000190359626000317/0001903596-26-000317-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.