ACCESSWIRE

Expion360 Inc.

Share
Expion360, Inc. Announces Full Exercise of Over-Allotment Option for Initial Public Offering

REDMOND, OR / ACCESSWIRE / April 8, 2022 / Expion360, Inc. (NASDAQ:XPON), an industry leader for lithium batteries and accessories for recreational vehicles, outdoor, marine, residential, and industrial, announced today that the underwriters of its recently completed initial public offering of common stock have fully exercised their option to purchase an additional 321,750 shares at the public offering price of $7.00 per share, resulting in additional gross proceeds of $2,252,250.

After giving effect to the full exercise of the over-allotment option, the total number of shares sold by Expion360 in the public offering increased to 2,466,750, resulting in total gross proceeds of $17,267,250 before underwriting discounts and commissions

Alexander Capital acted as sole book-running manager the offering, with Paulson Investment Company acted as co-manager.

A copy of the final prospectus related to the offering may be obtained from Alexander Capital, LP, 17 State Street 5th Floor, New York, NY 10004, Attention: Equity Capital Markets, or by calling (212) 687-5650 or emailing info@alexandercapitallp.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or 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 such state or jurisdiction.

The law office of Rowland Day, Bigfork, Montana, and Dane Johansen of Parr Brown Gee & Loveless, Salt Lake City, Utah served as legal counsel for Expion360 in connection with the stock offering. Richard Friedman and Greg Carney of Sheppard Mullin Richter and Hampton served as legal counsel for the underwriters.

About Expion360

Expion360 is an industry leader of premium lithium batteries and accessories for recreational vehicles, outdoor, marine, residential, and industrial. The company sources, assembles and white-labels components and finished products. Its 360 (12V/360Ah) is 3.5x the capacity of average RV battery and is unique in form factor. Founded in 2016 by the company's CEO, John Yozamp, Expion360 designs and engineers its batteries out of its headquarters in Redmond, Oregon. For more information visit, expion360.com.

Forward-Looking Statements and Safe Harbor Notice

All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include our expectations and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate." The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties and assumptions. Actual results could differ materially from current projections or implied results. Investors should read the risk factors set forth in the Company's Prospectus on Form S-1 filed with the SEC on January 21, 2022, subsequent filings and future periodic reports filed with the SEC. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.

The Company cautions that statements and assumptions made in this news release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management undertake no obligation to revise these statements following the date of this news release.

Investor Contact:
Ronald Both or Justin Lumley
CMA Investor Relations
Tel (949) 432-7566
Email contact

Media Contact:
Tim Randall
CMA Media Relations
Tel (949) 432-7572
Email Contact

SOURCE: Expion360 Inc.



View source version on accesswire.com:
https://www.accesswire.com/696659/Expion360-Inc-Announces-Full-Exercise-of-Over-Allotment-Option-for-Initial-Public-Offering

To view this piece of content from www.accesswire.com, please give your consent at the top of this page.

About ACCESSWIRE

DK

Subscribe to releases from ACCESSWIRE

Subscribe to all the latest releases from ACCESSWIRE by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from ACCESSWIRE

Central Bank of Bahrain Grants Crypto.com Payment Service Provider Licence19.9.2024 13:00:00 CEST | Press release

MANAMA, BAHRAIN / ACCESSWIRE / September 19, 2024 / The Central Bank of Bahrain today granted Crypto.com full approval to provide payment service provider (PSP) services through its subsidiary registered in the Kingdom of Bahrain under the commercial name "FORIS GFS BH B.S.C. CLOSED", adding to the company's significant regulatory milestones in the region. The PSP licence will allow Crypto.com to expand its offerings of e-money and fiat-based payment services regionally, including the launch of its world-renowned prepaid cards. "With its extensive international presence and an earned reputation for regulatory compliance, we are delighted that Crypto.com has chosen the Kingdom of Bahrain as a destination for investment, which will further bolster Bahrain's ability to deliver on its vision of developing a digital-first, resilient economy that celebrates innovation and progress," said H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain Economic De

Taurus secures "Best Digital Assets Solution" at 2024 Global BankTech Awards19.9.2024 09:20:00 CEST | Press release

Swiss Fintech commended for secure custody, asset tokenization services, and its marketplace for digital assets LONDON, UK and GENEVA, SWITZERLAND / ACCESSWIRE / September 19, 2024 - Taurus, the Swiss-regulated global leader in digital asset infrastructure for banks, has been named "Best Digital Assets Solution" at the prestigious Global BankTech Awards 2024 - the premier awards programme for the fintech industry. Taurus has been recognized for its comprehensive and modular infrastructure that enables financial institutions to issue, custody, and trade digital assets, including tokenized assets, cryptos, NFTs, and digital currencies. "Taurus offers enterprise-level digital asset infrastructure for the issuance, custody, and trading of all digital assets, encompassing cryptocurrencies, tokenized securities, and digital currencies," said Mobasher Kazmi, Head of Research for The Digital Banker. "Commendably, its suite of products comprising Taurus-PROTECT™ for secure custody, Taurus-CAPIT

Silicon Foundry and Kearney Introduce 'The Collective // Supply Chain' to Help Organizations Identify Trends and Solutions for Future-Proof Supply Chains19.9.2024 09:00:00 CEST | Press release

The immersive program will provide supply chain professionals with frontline insights, targeted connectivity, and actionable opportunities, enabling them to make strategic decisions that strengthen and accelerate their supply chain initiatives. SAN FRANCISCO, CA / ACCESSWIRE / September 19, 2024 / Silicon Foundry, a Kearney-owned innovation advisory firm, today announced the launch of The Collective // Supply Chain, a year-long, membership-based program providing supply chain professionals with access to a curated flow of real-time insights, an executive peer community, expert consultations, exclusive events, and a presence in the heart of Silicon Valley. The Collective // Supply Chain addresses the challenges of navigating modern supply chain disruptions, optimizing processes, and integrating advanced technologies to achieve operational excellence. Kearney's recent COO Innovation Radar survey found that 90%+ of corporations increased their innovation budgets in the past year. High-ROI

MGO Global's CEO Invited by Argentinian Consulate in New York to Join President of the Argentine Republic to Ring Morning Bell at NYSE19.9.2024 08:30:00 CEST | Press release

MIAMI, FL and LONDON, UK / ACCESSWIRE / September 19, 2024 / MGO Global Inc. (NASDAQ:MGOL), a digitally-native, lifestyle brand portfolio company, ("MGO," "MGO Global" or the "Company"), today announced Maximiliano Ojeda, Co-Founder, Chairman and CEO of MGO, has been invited by the Consulate General of Argentina in New York to join His Excellency Javier Milei, President of the Argentine Republic, to ring the opening bell at the New York Stock Exchange on Monday, September 23, 2024. In the U.S. to participate in the United Nations General Assembly this week, President Milei will deliver a major economic address to all invited guests in the NYSE Board Room preceding the bell ringing ceremony that will open the financial markets. Ojeda stated, "I feel very honored to be among the other business executives who have been invited to participate in this important occasion at the NYSE. Given my Argentinian heritage and the deep economic ties and shared interests of the United States and Argent

U.S. Polo Assn.’s Fall-Winter 2024 Collection Launches from the Rockies19.9.2024 07:00:00 CEST | Press release

Sport-Inspired Brand's Vibrant, Seasonal Collection Includes Perfect Gifting Items for the Holidays WEST PALM BEACH, FL / ACCESSWIRE / September 19, 2024 / U.S. Polo Assn., the official brand of the United States Polo Association (USPA), proudly announces the launch of the sporty, classic, and colorfully vibrant Fall-Winter 2024 Collection. Inspired by the scenic beauty and historic charm of Salt Lake City, Utah, this Fall-Winter collection is a tribute to the season's warm, festive spirit and the joy of giving. The collection's global photoshoot is set against stunning snow-capped mountain vistas and nestled in the foothills of the Rocky Mountains. Models and polo players alike are adorned in the latest styles of U.S. Polo Assn., showcasing family and friends enjoying the great outdoors and cozying up by the fireside in Salt Lake City. The collection features an extensive range of cold-weather classics such as knitted sweater polos, quilted jackets, cable-knit cardigans, and cozy flan

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye