Expion360 Inc. Announces $2.6 Million Registered Direct and Private Placements Priced at the Market Under Nasdaq Rules
Expion360 (Nasdaq: XPON), a lithium-ion battery power storage solutions company, has announced definitive agreements for a $2.6 million fundraising through registered direct and private placements. The transaction includes:
- Sale of 1,048,386 shares of common stock (or pre-funded warrants) at $2.48 per share
- Each share/warrant bundled with one warrant to purchase common stock at $2.36 exercise price
- Pre-funded warrants priced at $2.479 with $0.001 exercise price
The transaction is expected to close around January 3, 2025. Aegis Capital Corp. serves as the exclusive placement agent. The company plans to use proceeds for general corporate purposes and working capital. The offering is made under an effective shelf registration statement, with the private placement to accredited investors.
Expion360 (Nasdaq: XPON), un'azienda che fornisce soluzioni di stoccaggio energetico con batterie agli ioni di litio, ha annunciato accordi definitivi per una raccolta fondi di 2,6 milioni di dollari attraverso collocamenti diretti registrati e privati. La transazione include:
- Vendita di 1.048.386 azioni di capitale sociale (o warrant pre-finanziati) a 2,48 dollari per azione
- Ogni azione/warrant è associato a un warrant per l'acquisto di azioni comuni a 2,36 dollari di prezzo di esercizio
- Warrant pre-finanziati al prezzo di 2,479 dollari con un prezzo di esercizio di 0,001 dollari
La transazione è prevista per chiudere intorno al 3 gennaio 2025. Aegis Capital Corp. funge da agente di collocamento esclusivo. L'azienda prevede di utilizzare i proventi per usi aziendali generali e capitale circolante. L'offerta è effettuata sotto un'efficace dichiarazione di registrazione shelf, con il collocamento privato riservato a investitori accreditati.
Expion360 (Nasdaq: XPON), una empresa de soluciones de almacenamiento de energía con baterías de iones de litio, ha anunciado acuerdos definitivos para una recaudación de fondos de 2.6 millones de dólares a través de colocaciones directas registradas y privadas. La transacción incluye:
- Venta de 1,048,386 acciones de acciones comunes (o garantías prefinanciadas) a 2.48 dólares por acción
- Cada acción/garantía se agrupa con una garantía para comprar acciones comunes a 2.36 dólares como precio de ejercicio
- Garantías prefinanciadas con un precio de 2.479 dólares y un precio de ejercicio de 0.001 dólares
Se espera que la transacción se cierre alrededor del 3 de enero de 2025. Aegis Capital Corp. actúa como el agente exclusivo de colocación. La empresa planea utilizar los ingresos para propósitos corporativos generales y capital de trabajo. La oferta se realiza bajo una declaración de registro efectiva de estante, con el colocamiento privado dirigido a inversores acreditados.
Expion360 (Nasdaq: XPON), 리튬이온 배터리 에너지 저장 솔루션 회사가 $2.6 백만의 자금 조달을 위한 확정 계약을 발표했습니다. 이 거래에는 다음이 포함됩니다:
- 주당 $2.48로 1,048,386주(또는 사전 자금 지원 워런트) 판매
- 각 주식/워런트는 $2.36의 행사 가격으로 일반 주식을 구매할 수 있는 하나의 워런트와 결합
- $2.479로 가격이 책정된 사전 자금 지원 워런트와 $0.001의 행사 가격
거래는 2025년 1월 3일경에 마감될 것으로 예상됩니다. Aegis Capital Corp.는 독점적인 배치 에이전트로 활동합니다. 회사는 일반 기업 목적으로 수익을 사용하고 잠재적 자본을 계획하고 있습니다. 이 제안은 유효한 선반 등록 성명서에 따라 이루어지며 개인 배치는 인증된 투자자에게 제공됩니다.
Expion360 (Nasdaq: XPON), une société de solutions de stockage d'énergie par batteries lithium-ion, a annoncé des accords définitifs pour une levée de fonds de 2,6 millions de dollars par le biais de placements directs enregistrés et privés. La transaction comprend :
- Vente de 1 048 386 actions ordinaires (ou bons de souscription préfinancés) à 2,48 dollars par action
- Chaque action/bon de souscription est associé à un bon de souscription pour acheter des actions ordinaires à un prix d'exercice de 2,36 dollars
- Bons de souscription préfinancés au prix de 2,479 dollars avec un prix d'exercice de 0,001 dollar
La transaction devrait se clôturer autour du 3 janvier 2025. Aegis Capital Corp. est l'agent de placement exclusif. La société prévoit d'utiliser les produits pour des besoins généraux d'entreprise et des fonds de roulement. L'offre est faite dans le cadre d'une déclaration d'enregistrement en cours, avec la placement privé réservé aux investisseurs accrédités.
Expion360 (Nasdaq: XPON), ein Unternehmen für Lithium-Ionen-Batteriespeicherlösungen, hat definitive Vereinbarungen über eine 2,6 Millionen Dollar Fundraising-Runde durch registrierte direkte und private Platzierungen bekannt gegeben. Die Transaktion umfasst:
- Verkauf von 1.048.386 Aktien (oder vorfinanzierten Optionen) zu 2,48 Dollar pro Aktie
- Jede Aktie/Option ist mit einer Option verbunden, um Aktien zu einem Ausübungspreis von 2,36 Dollar zu erwerben
- Vorfinanzierte Optionen zu einem Preis von 2,479 Dollar mit einem Ausübungspreis von 0,001 Dollar
Die Transaktion soll voraussichtlich am 3. Januar 2025 abgeschlossen werden. Aegis Capital Corp. fungiert als exklusiver Platzierungsagent. Das Unternehmen plant, die Einnahmen für allgemeine Unternehmenszwecke und Betriebskapital zu verwenden. Das Angebot erfolgt im Rahmen einer wirksamen shelf-Registrierungsanmeldung, wobei die private Platzierung an akkreditierte Investoren erfolgt.
- Secured $2.6 million in new funding
- Offering priced at market under Nasdaq rules
- Immediate access to capital through pre-funded warrants
- Potential dilution for existing shareholders through new share issuance
- Warrant exercise price ($2.36) below the offering price ($2.48)
- Additional dilution possible when warrants are exercised
Insights
This
The financing structure combines immediate equity dilution through common shares with potential future dilution via warrants. The inclusion of pre-funded warrants (
The stated use of proceeds for "general corporate purposes and working capital" lacks specificity and may indicate near-term cash flow pressures. For a small-cap company in the competitive lithium battery space, this capital injection appears more defensive than growth-oriented.
The multi-layered transaction structure - combining a registered direct offering under an effective S-3 shelf registration with a concurrent private placement of warrants - reflects sophisticated legal engineering to maximize financing flexibility while maintaining compliance with Nasdaq rules. The "at-market" pricing requirement helps avoid additional shareholder approval requirements, though the warrant coverage adds complexity.
The registration rights agreement for the warrant shares represents a significant future obligation, requiring additional SEC filings and ongoing compliance costs. The restriction of the private placement to accredited investors under Securities Act exemptions adds another layer of regulatory compliance. This complex legal structure suggests the company needed to navigate various regulatory constraints to secure this financing.
REDMOND, Ore., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (the “Company”), an industry leader in lithium-ion battery power storage solutions, today announced that it has entered into definitive agreements with institutional investors for the purchase and sale of shares of its common stock, par value
The transactions consisted of the sale of 1,048,386 shares (each, a “Share”) of Common Stock (or Pre-Funded Warrants to purchase Common Stock), each of which will be sold together with one Warrant to purchase one share of Common Stock per Warrant at an exercise price of
Aggregate gross proceeds to the Company are expected to be approximately
Aegis Capital Corp. is acting as exclusive placement agent for the offerings. Stradling Yocca Carlson & Rauth LLP is acting as counsel to the Company. Kaufman & Canoles, P.C. is acting as counsel to Aegis Capital Corp.
The registered direct offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-272956) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on July 10, 2023. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at +1 (212) 813-1010.
The offer and sale of the securities in the private placement are being made in a transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The securities were offered only to accredited investors. Pursuant to a registration rights agreement with the investors, the Company has agreed to file one or more registration statements with the SEC covering the resale of the shares of Common Stock issuable upon exercise of the Warrants.
Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Expion360
Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages.
The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.
The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com.
Forward-Looking Statements
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Company Contact:
Brian Schaffner, CEO
541-797-6714
Email Contact
External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
XPON@mzgroup.us
www.mzgroup.us

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