Expion360 Inc. received a nasdaq compliance regained notice regarding late filing (rules 5550(b)(1)).
“August 20, 2025, the Company received a notification letter (the “ Notice ”) from the Nasdaq Listing Qualifications department of The Nasdaq Stock Market (“ Nasdaq ”) notifying the Company that the stockholders’ equity balance reported in the Q2 Quarterly Report was below the $2.5 million required minimum for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(b)(1) (the “ Equity Rule ”). The Notice also provided that the Company has 45 calendar days to submit a plan to regain compliance. However, the Company believes that, as a result of the positive impact”
Carson Heagen was appointed as Chief Operating Officer at Expion360 Inc..
“the Board appointed Carson Heagen, who currently serves as the Company’s Vice President of Operations, to serve as the Company’s Chief Operating Officer, effective immediately upon Mr. Shoun’s resignation as of the Resignation Date.”
Paul Shoun resigned as Chief Operating Officer at Expion360 Inc..
“Paul Shoun, the Co-Founder, President, Chief Operating Officer, and Chairman of the Board of Directors (the “Board”) of Expion360 Inc. (the “Company”), is resigning from his role as Chief Operating Officer.”
Carson Heagan departed as Chief Operating Officer at Expion360 Inc..
“In connection with Mr. Shoun’s return to his full responsibilities, Carson Heagan, the Company’s Vice President of Operations, who temporarily assumed the role of Chief Operating Officer, has ceased serving in that capacity.”
Paul Shoun was appointed as Chief Operating Officer at Expion360 Inc..
“Mr. Shoun has since resumed his duties as Chief Operating Officer.”
Earnings Releases
Expion360 Inc. reported the first quarter ended March 31, 2024 results: revenue $1.0 million, net income $2.2 million, EPS $(0.31) per share.
“its financial and operational results for the first quarter ended March 31, 2024. First Quarter & Subsequent 2024 Financial & Operational Highlights · Q1 2024 Revenue totaled $1.0 million, up 13% sequentially from Q4 2023. · Q1 2024 Net loss totaled $2.2 million compared to a net loss of $2.0 million in the prior year period as the Company continued to invest in”
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