Expion360 (NASDAQ: XPON) to enact 1-for-12 reverse stock split, cut shares
Rhea-AI Filing Summary
Expion360 Inc. approved a 1-for-12 reverse stock split of its common stock and a proportionate decrease in authorized common shares from 200,000,000 to 16,666,666. Under Nevada law, these actions did not require stockholder approval.
The changes become effective at 12:01 A.M. Eastern Time on July 21, 2026, when every 12 issued and outstanding shares will automatically combine into one share, with par value unchanged. No fractional shares will be issued; any fractional positions will be rounded up to the next whole share.
Expion360’s common stock will begin trading on The Nasdaq Capital Market on a reverse split-adjusted basis on July 21, 2026, under the existing symbol XPON and new CUSIP 30218B308. The company will make proportionate adjustments to outstanding equity awards, stock options, warrants, warrants, and share reserves under its 2021 equity plans.
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Filing Explained
The
8-K Event Classification
2 items: 5.03, 9.01
2 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Reverse stock split ratio: 1-for-12
Authorized common shares before change: 200,000,000 shares
Authorized common shares after change: 16,666,666 shares
+3 more
6 metrics
Reverse stock split ratio
1-for-12
Consolidation ratio for issued and outstanding common stock
Authorized common shares before change
200,000,000 shares
Authorized Common Stock prior to Authorized Share Decrease
Authorized common shares after change
16,666,666 shares
Authorized Common Stock following Authorized Share Decrease
Effective time of split
12:01 A.M. Eastern Time on July 21, 2026
Effective time of Reverse Stock Split and Authorized Share Decrease
Par value per share
$0.001 per share
Par value of common stock remains unchanged after Reverse Stock Split
Board approval date
July 7, 2026
Date the board of directors approved the Reverse Stock Split
Key Terms
Reverse Stock Split, Authorized Share Decrease, Nevada Revised Statutes, Certificate of Change, +2 more
6 terms
Reverse Stock Split market
"approved a one-for-12 Reverse Stock Split of the Company’s common stock"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Nevada Revised Statutes regulatory
"Pursuant to Section 78.207 of the Nevada Revised Statutes"
The Nevada Revised Statutes are the official compilation of laws enacted by Nevada’s legislature that govern business activities, corporate structure, licensing, taxation and legal procedures in the state. Think of it as Nevada’s rulebook that companies and regulators must follow; investors watch it because changes or specific statutes can affect a company’s legal obligations, tax position, licensing status and risk exposure, which in turn can influence valuation and investment decisions.
Certificate of Change regulatory
"filed a certificate of change to its articles of incorporation"
Emerging growth company regulatory
"Emerging growth company check the appropriate box below"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Nasdaq Capital Market market
"The Common Stock will begin trading on The Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What corporate actions did Expion360 (XPON) approve regarding its common stock?
Expion360 approved a 1-for-12 reverse stock split of its common stock and an authorized share decrease from 200,000,000 to 16,666,666. These changes alter the capital structure without changing the $0.001 par value per share.
When does Expion360’s (XPON) reverse stock split become effective?
The reverse stock split becomes effective at 12:01 A.M. Eastern Time on July 21, 2026. From that point, every 12 issued and outstanding common shares will automatically combine into one share, and trading will reflect the split-adjusted share count.
How will Expion360 (XPON) equity awards and warrants be affected by the reverse split?
Expion360 will make proportionate adjustments to equity awards, stock options, and warrants. This includes changing the number of shares underlying these instruments, their exercise prices, and share reserves under the 2021 Incentive Award Plan and 2021 Employee Stock Purchase Plan to reflect the 1-for-12 ratio.
Where will Expion360 (XPON) trade after the reverse stock split?
Expion360’s common stock will continue trading on The Nasdaq Capital Market under the existing symbol XPON. Trading will be on a reverse split-adjusted basis starting July 21, 2026, and the common stock will have a new CUSIP number, 30218B308.