IPO - Expion360 Inc.

Form Type: S-1

Filing Date: 2025-01-17

Corporate Action: Ipo

Type: New

Accession Number: 000190359625000042

Filing Summary: Expion360 Inc. is filing a Registration Statement under the Securities Act of 1933 for the resale of up to 1,048,386 shares of its Common Stock by selling stockholders. These shares will be issuable upon exercise of warrants from a private placement completed concurrently with a registered direct offering on January 3, 2025. The company seeks registration to satisfy contractual obligations tied to a registration rights agreement. As of January 16, 2025, the shares represent about 25.0% of the total Common Stock outstanding. Expion360 specializes in lithium iron phosphate batteries for recreational vehicles and marine applications and is positioned to benefit from the shift to lithium batteries in these markets. The common stock is listed on Nasdaq under the symbol "XPON," and the last recorded price was $1.66 per share. The company is classified as an emerging growth company.

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