GreenEnergyBreaks — Expion360 Inc. (NASDAQ: XPON) Closes on Underwritten Public Offering Estimated at $10M Value
Expion360 (NASDAQ: XPON), a lithium-ion battery power storage solutions company, has closed on a firm commitment underwritten public offering. According to the announcement, the offering is estimated to result in $10 million gross proceeds before standard deductions. The offering is comprised of 50,000,000 common units or prefunded units, with each unit consisting of one share of XPON common stock or one prefunded warrant to purchase one share of common stock, two Series A warrants each to purchase one share of common stock, and one Series B warrant to purchase such number of shares of common stock as determined in the…