Expion prices USD 9 million private placement of 8% convertible debentures, warrants

Reuters2026/08/24 13:03

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Expion360 priced an unregistered private placement with $9 million of 8% Convertible Debentures, closed Aug. 21, 2026.
Deal included warrants for 2,117,219 common shares at an initial exercise price of USD 4.25 per share.
Net proceeds totaled about USD 8.2 million; funds earmarked for an Eastern Louisiana oil and gas asset acquisition, working capital.
Investors gained rights to buy up to USD 91 million of additional convertible preferred stock in later closings, subject to shareholder approval.
Convertible Debentures are set to convert into Series A-1 8% Convertible Preferred Stock, initially convertible at USD 4.25 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Expion360 Inc. published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Expion prices USD 9 million private placement of 8% convertible debentures, warrants

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