Carson Heagen resigned as Chief Operating Officer at Expion360 Inc..
“On July 2, 2026, Carson Heagen, the Chief Operating Officer of Expion360 Inc. (the “Company”), notified the board of directors of the Company that he is resigning from his role as Chief Operating Officer, effective August 1, 2026, due to personal reasons.”
Earnings Releases
Expion360 Inc. reported the first quarter ended March 31, 2026 results: revenue $1.6 million, net income Net loss in the first quarter of 2026 totaled $1.8 million.
“Net sales for the three months ended March 31, 2026 totaled $1.6 million”
Earnings Releases
Expion360 Inc. reported fourth quarter and year ended December 31, 2025 results: revenue $9.7 million.
“Net sales for the year ended December 31, 2025 totaled $9.7 million, a 72% increase compared to $5.6 million for the same period in 2024.”
Material Agreements
Expion360 Inc. entered into Sales Agreement with Aegis Capital Corp. valued at up to an aggregate offering price of $15.0 million (effective 2025-12-12).
“On December 12, 2025, Expion360 Inc. (the " Company ") entered into an At-The-Market Issuance Sales Agreement (the " Sales Agreement ") with Aegis Capital Corp. acting as sales agent (the " Sales Agen t"), pursuant to which the Company may offer and sell, from time to time, up to an aggregate offering price of $15.0 million of shares”
Equity Issuances
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.
“The offering price per Share was $1.65 and the offering price per Pre-Funded Warrant Share was $1.6499.”
Equity Issuances
Expion360 Inc. issued 613,077 shares of common stock to two institutional investors for $1.65 per share.
“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,”
Listing & Compliance Notices
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.”
Governance Changes
Expion360 Inc.: Approved and filed Certificate of Amendment to Articles of Incorporation to effect a 1-for-100 reverse stock split of common stock, effective 5:00 p.m. Pacific Time on October 8, 2024 (effective 2024-10-08).
“On October 4, 2024, the Certificate of Amendment to effect the Reverse Stock Split was filed with the Secretary of State of Nevada. The Reverse Stock Split will become effective at 5:00 p.m. Pacific Time on October 8, 2024 (the "Effective Time").”
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”
Material Agreements
Expion360 Inc. entered into Equity Line Purchase Agreement valued at $20,000,000 (effective 2023-12-27).
“On December 27, 2023, the Company entered into that certain common stock purchase agreement (the “Equity Line Purchase Agreement”) with an institutional investor (the “Equity Line Investor”). Under the terms and subject to the conditions of the Equity Line Purchase Agreement, the Company has the right, but not the obligation, to sell to the Equity Line Investor, and the Equity Line Investor is obligated to purchase, up to the lesser of (a) $20,000,000 in aggregate gross purchase price of newly issued Common Stock”
Material Agreements
Expion360 Inc. entered into Securities Purchase Agreement valued at $2,750,000 (effective 2023-12-27).
“On December 27, 2023 (the “Closing Date”), Expion360 Inc., a Nevada corporation (the “Company”), entered into that certain securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Note Investor”), pursuant to which the Company sold, and the Note Investor purchased, (a) a senior unsecured convertible note issued by the Company (the “Note,” and such financing, the “Convertible Note Financing”) in the aggregate original principal amount of $2,750,000”
John Yozamp retired as Chief Business Development Officer at Expion360 Inc..
“John Yozamp announced his retirement as Chief Business Development Officer of Expion360 Inc., a Nevada corporation (the “Company”), effective as of December 31, 2023”
Earnings Releases
Expion360 Inc. reported the three months ended September 30, 2023 results: revenue $1.9 million, net income Net loss totaled $1.8 million.
“months ended September 30, 2023. All third quarter 2023 comparisons are to the same year-ago period unless otherwise noted. Q3 2023 Financial Highlights · Revenues totaled $1.9 million, up 10% sequentially and up 37% from the same year-ago period. · Gross profit increased 17% to $473,000. · Net loss totaled $1.8 million compared to a loss of $1.3 million in”
Shareholder Votes
Expion360 Inc. shareholders approved Ratification of the appointment of M&K CPAS, PLLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-10-13 meeting.
“Proposal 3 : The stockholders ratified the appointment of M&K CPAS, PLLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The following sets forth the results of the voting with respect to the proposal: For Against Abstain Broker Non-Votes 4,324,643 43,377 48,878 --”
Shareholder Votes
Expion360 Inc. shareholders approved Amendment to the Company’s 2021 Incentive Award Plan to increase the number of shares of Common Stock authorized for issuance under the plan at the 2023-10-13 meeting.
“Proposal 2 : The stockholders approved an amendment to the Company’s 2021 Incentive Award Plan to increase the number of shares of Common Stock authorized for issuance under the plan.. The following sets forth the results of the voting with respect to the proposal: For Against Abstain Broker Non-Votes 2,539,836 515,565 93,579 1,267,918”
Shareholder Votes
Expion360 Inc. shareholders approved Election of five directors nominated by the Board of Directors at the 2023-10-13 meeting.
“Proposal 1 : The stockholders elected five directors who were nominated by the Board of Directors of the Company to serve as directors until the 2024 annual meeting of stockholders. The following sets forth the results of the voting with respect to each director nominee: Name of Director For Withheld Broker Non-Votes George Lefevre 3,018,618 130,362 1,267,918 Tien Nguyen 3,090,376 58,604 1,267,918 Brian Schaffner 3,130,363 18,617 1,267,918 Paul Shoun 3,075,941 73,039 1,267,918 Steven Shum 3,065,827 85,153 1,267,918”
Paul Shoun was appointed as Chairman of the Board at Expion360 Inc..
“In addition, Paul Shoun, the Company’s President and Chief Operating Officer, and a current member of the Board, was appointed to serve as Chairman of the Board.”
Brian Schaffner was appointed as Director at Expion360 Inc..
“appointed Tien Nguyen and Brian Schaffner to serve as members of the Board, each to fill an existing vacancy on the Board.”
Tien Nguyen was appointed as Director at Expion360 Inc..
“appointed Tien Nguyen and Brian Schaffner to serve as members of the Board, each to fill an existing vacancy on the Board.”
David Hendrickson resigned as Director at Expion360 Inc..
“On August 15, 2023, David Hendrickson tendered his resignation as a member of the Board of Directors (the “Board”) of Expion360 Inc., a Nevada corporation (the “Company”), effective immediately.”
Earnings Releases
Expion360 Inc. reported the three months ended June 30, 2023 results: revenue $1.7 million, net income Net loss totaled $1.5 million.
“Revenue in the second quarter of 2023 totaled $1.7 million, up 14% sequentially and down 22% from $2.2 million in the same year-ago quarter.”
Earnings Releases
Expion360 Inc. reported three months ended March 31, 2023 results: revenue $1.5 million, net income $2.0 million, EPS $(0.29) per share.
“Revenue in the first quarter of 2023 totaled $1.5 million, up 6% sequentially and down 30% from a record $2.2 million in the same year-ago quarter. The sequential increase was primarily due to increased sales of lithium-ion batteries and accessories to dealerships, wholesalers, and OEMs. The year over year decrease was primarily attributable to a large initial stocking order for one of the company’s resellers that was placed in 2022. Gross profit totaled $443,000 or 29.4% of revenue as compared to $862,000 or 40.0% of revenue in the same year-ago quarter. The decrease in gross profit was primarily attributable to increased facility costs and labor as the company expanded its operations. The decrease was also due to discount levels related to specific customer groups, and supplier and shipping costs which the company is currently monitoring. Selling, general and administrative expenses increased to $2.1 million compared to $1.2 million in the same year-ago quarter. The increase was prim”
Earnings Releases
Expion360 Inc. reported financial results for the year ended December 31, 2022.
“On March 30, 2023, Expion360 Inc. (the “Company”) issued a press release announcing its operating and financial results for the year ended December 31, 2022. A copy of the press release is furnished as Exhibit 99.1 to this report.”
David Hendrickson was elected as Chairman of the Board at Expion360 Inc..
“David Hendrickson, a non-executive director, has been elected as the new Chairman of the Company’s Board of Directors.”
Brian Schaffner changed role as Chief Executive Officer at Expion360 Inc..
“On January 26, 2023 the Company promoted Brian Schaffner from the position of Chief Financial Officer of the Company to Chief Executive Officer of the Company.”
John Yozamp changed role as Co-Founder and Chief Business Development Officer at Expion360 Inc..
“John Yozamp and Expion360 Inc. (the “Company”) agreed that, effective January 25, 2023, he ceased to be the Company’s Chief Executive Officer and Chairman of the Company’s Board of Directors and a member of the Company’s Board of Directors, and assumed the position of the Company’s Co-Founder and Chief Business Development Officer.”
Earnings Releases
Expion360 Inc. reported the three and nine months ended September 30, 2022 results: revenue $1.4 million, net income $1.3 million, EPS $(0.19) per share.
“Revenue increased 4% to a third quarter record of $1.4 million”
Greg Aydelott was appointed as Chief Accounting Officer at Expion360 Inc..
“Effective May 10, 2022, Expion360 Inc. (the “Company”) appointed Greg Aydelott, age 49, as its Chief Accounting Officer.”
David Hendrickson was elected as Director at Expion360 Inc..
“The New Directors are George Lefevre, Steven M. Shum and David Hendrickson.”
Steven M. Shum was elected as Director at Expion360 Inc..
“The New Directors are George Lefevre, Steven M. Shum and David Hendrickson.”
George Lefevre was elected as Director at Expion360 Inc..
“The New Directors are George Lefevre, Steven M. Shum and David Hendrickson.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.