The latest announcement is out from Expion360, Inc. (XPON).
Expion360 Inc. has successfully entered into an underwriting agreement with Aegis Capital Corp. for a public offering of 50 million units, with each unit consisting of common stock shares and Series A and B warrants, with an option for pre-funded warrants to avoid exceeding ownership thresholds. The offering netted roughly $8.7 million, which will be used to repay debts and for general corporate purposes. Additionally, the company has settled its obligations under a senior convertible note and terminated a common stock purchase agreement in conjunction with the offering.
Find detailed analytics on XPON stock on TipRanks’ Stock Analysis page.