Expion360 Inc. SEC filings document the regulatory record for a Nevada lithium battery company with common stock traded on the Nasdaq Capital Market. Recent 8-K reports furnish financial results and preliminary results, Regulation FD stockholder communications, and material-event disclosures tied to the company’s operating outlook and leadership changes.
The filings also cover capital-structure and public-company matters, including an at-the-market issuance sales agreement, a completed private placement, pre-funded warrant terms, common-stock registration framework and Nasdaq continued-listing compliance notices. These documents describe the company’s equity financing tools, warrant mechanics, exchange-listing status, emerging growth company status, exhibits and related disclosure controls for a small public operating company.
Expion360 Inc. (XPON) reported that its VP, Finance, as the reporting person, received an equity compensation grant in the form of restricted stock units. The grant covered 10,514 RSUs, each representing a contingent right to receive one share of Expion360 common stock, and these RSUs vested in full on the grant date.
After this award, the reporting person’s holdings consist of 19,211 shares of common stock and 404 shares that may be acquired through stock options exercisable within 60 days of August 25, 2026, for total reported beneficial ownership of 19,615 shares, all held directly.
Expion360 Inc. (XPON) reported that director and former Chief Executive Officer Joseph D. Hammer, through Five Narrow Lane LP, entered into two derivative purchases related to the company’s equity. The insider acquired an 8% Convertible Debenture due August 21, 2029, which, subject to shareholder approval and a Certificate of Designation, will automatically convert into 4,500 shares of Series A-1 8% Convertible Preferred Stock and is ultimately convertible into up to 1,058,609 shares of common stock at an initial conversion price of $4.25 per share, with a 9.99% beneficial ownership limitation.
Hammer, via the same entity, also acquired a Common Stock Purchase Warrant immediately exercisable for up to 1,058,609 shares of common stock at an initial exercise price of $4.25 per share, expiring five years after issuance and also subject to a 9.99% beneficial ownership limitation. Both positions are reported as indirectly owned and were not reported as entered into under a Rule 10b5-1 trading plan.
Expion Energy, Inc. (XPON) reported that investment entity Five Narrow Lane LP has filed as a significant shareholder. Five Narrow Lane beneficially owns 96,137 shares of common stock, representing 9.99% of the class, with sole voting and dispositive power over all of these shares.
The ownership percentage is calculated based on 962,335 shares outstanding as of August 6, 2026, as referenced from Expion Energy’s Form 10‑Q for the quarter ended June 30, 2026. Five Narrow Lane’s holdings are subject to a contractually stipulated 9.99% ownership restriction, and full conversion or exercise of its securities would otherwise exceed this limit.
Expion360 Inc., now operating as Expion Energy, Inc. (XPON), entered into a private placement of $9,000,000 8% Convertible Debentures due August 21, 2029, with attached Warrants for up to 2,117,219 common shares. The debentures are expected to automatically convert into Series A‑1 8% Convertible Preferred Stock, subject to shareholder approval and filing of a certificate of designation. Net initial proceeds are estimated at about $8.2 million, with use of funds directed to an oil and gas asset acquisition in Eastern Louisiana and general corporate purposes.
The purchasers also received an Additional Investment Right to buy up to $91,000,000 of additional convertible preferred stock in future series, with anti‑dilution protections and a Floor Price of $0.72 per share. Expion acquired all membership interests of an oil and gas target for an adjusted cash price of $3,425,000 and committed up to $4,000,000 to a leasing program, retaining about 75% net revenue interest in the prospect. The company appointed Kevin Sellers as Chief Executive Officer, granted him 50,000 RSUs, and changed its name to Expion Energy, Inc. to reflect a broadened energy strategy including oil and gas exploration.
Expion360 Inc. designs and sells lithium iron phosphate batteries for RV, marine and industrial uses and reported continued losses for the three and six months ended June 30, 2026. Net sales were $2.0 million for the quarter and $3.6 million for the first half of 2026, down from $5.0 million in the prior-year period, while net loss widened to $3.0 million for the six months versus $2.5 million a year earlier.
Total assets were $6.1 million, including $1.5 million of cash and cash equivalents, against total liabilities of $1.3 million. Operating cash outflows were $2.6 million in the first half, and accumulated deficit reached $43.9 million. Management states these recurring losses, negative operating cash flows and limited cash balance raise substantial doubt about the company’s ability to continue as a going concern within 12 months.
The company has 953,192 common shares outstanding and continues to rely on equity financing, including an at-the-market program that raised about $1.2 million in the first half of 2026 and prior public and private offerings with warrants. Expion360 highlights customer concentration, heavy use of Asian suppliers, and tariff exposure, while also noting expanded OEM relationships and new product launches. A one-for-12 reverse stock split in July 2026 helped Restore compliance with Nasdaq’s minimum bid price requirement.
Expion360 Inc. reported second quarter and first-half 2026 results, with lower sales but stronger margins. Second quarter net sales were $2.0 million, down from $3.0 million a year earlier, largely due to discontinuing low-margin accessory resales and elevated OEM customer battery inventories. Gross profit was $658,266, and gross margin expanded to 32.4% from 20.8%, reflecting a more profitable product mix and disciplined pricing on core lithium battery products.
Selling, general and administrative expenses were about $2.0 million, essentially flat year over year, leading to a second quarter net loss of $1.3 million versus $1.4 million last year. For the first half of 2026, net sales declined to $3.6 million from $5.0 million, and net loss increased to $3.0 million. Cash fell to $1.5 million at June 30, 2026 as operating activities used $2.6 million. The company expanded its OEM relationship with Forest River to two additional motorized RV brands, plans to launch a next-generation lithium battery in the second half of 2026, and completed a 1-for-12 reverse stock split, regaining compliance with Nasdaq listing requirements.
Expion360 Inc. reported that Chief Financial Officer Shawna Bowin has resigned for personal reasons, effective after an orderly transition that is expected to run through approximately October 31, 2026, while the company conducts a search for a new Chief Financial Officer.
The company also stated that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which governs the $1.00 minimum bid price. As of August 3, 2026, its Common Stock closed above $1.00 per share for ten consecutive trading days, and on August 4, 2026 Nasdaq confirmed the company is in compliance with its listing requirements and that the shares continue to trade on The Nasdaq Capital Market.
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.
Expion360 Inc. announced that Chief Operating Officer Carson Heagen has tendered his resignation. He notified the board on July 2, 2026, and his departure will be effective August 1, 2026. The company states that Heagen is leaving for personal reasons.
Expion360 Inc. reports Q1 2026 results with net sales of $1.6 million and a net loss of $1.8 million, and discloses substantial doubt about its ability to continue as a going concern. Revenue declined 24% year over year as the company exited certain low‑margin accessory resales and some OEM customers reduced orders due to elevated inventory levels.
Gross margin was 25.3%, roughly flat versus the prior year, while selling, general and administrative expenses rose to $2.2 million, significantly widening the operating loss. Expion360 used $1.1 million of cash in operating activities but ended the quarter with $3.1 million of cash and cash equivalents, helped by raising about $1.2 million through an at‑the‑market stock program.
The company continues to incur recurring losses and negative operating cash flows and has an accumulated deficit of $42.6 million as of March 31, 2026. It is pursuing additional capital, cost controls, and supply‑chain initiatives, but its auditors highlight that these conditions create substantial doubt about its ability to remain a going concern. Expion360 also received a Nasdaq notice for falling below the $1.00 minimum bid price and has until July 28, 2026 to regain compliance.