An announcement from Expion360, Inc. ( (XPON) ) is now available.
Expion360 Inc. has proactively terminated its commercial lease for a 31,400-square-foot warehousing property in Redmond, Oregon, effective October 1, 2024, as a strategic move to reduce costs without altering its overall property leasing strategy. The company has incurred costs including an extra month’s rent, a $30,000 termination fee, and a broker commission of $89,000, but anticipates these expenses will be offset by future savings estimated at $40,000 monthly over the next 51 months. Expion360 will continue its warehousing operations at its headquarters and another location in Indiana.
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