Recent Updates — XPON
Expion Energy, Inc. is moving its 2026 annual stockholder meeting from November 4 to December 2, 2026, with a record date of October 28, 2026. The change follows an amendment and restatement of the August 21, 2026 Securities Purchase Agreement for 8% Convertible Debentures due 2029 and associated warrants. Stockholders will vote on the revised terms at the new meeting date. Revised deadlines for stockholder proposals are set for October 30, 2026, and director nominations by November 2, 2026. Expion Energy operates in the energy storage sector.
Expion Energy amended and restated its August 2026 private placement of $9,000,000 in 8% Convertible Debentures due 2029. The restructuring eliminates the original requirement to issue Series A-1 Preferred Stock, allowing debentures to convert directly into common stock at an initial price of $4.25 per share. The amendment also updates associated warrants and registration rights agreements. Additionally, the company expanded its Additional Investment Right, permitting purchasers to acquire up to $91,000,000 in further convertible debentures over 18 months. Expion Energy operates in the energy storage sector.
Expion Energy appointed Robert Winspear as Chief Financial Officer, Secretary, and Treasurer effective August 25, 2026. Winspear receives a $285,000 base salary with an automatic increase to $300,000 upon filing the 2026 Annual Report, plus inducement equity awards of 30,000 restricted stock units and options for 15,000 shares. Former CFO Shawna Bowin is transitioning through October 31, 2026. The Board also appointed Marc Jarvis as a director effective August 28, 2026, leveraging his oil and gas expertise for the company's new Eastern Louisiana exploration platform. Directors Brian Schaffner, Tien Q. Nguyen, and Joseph Hammer resigned in late August, with Scott Burell named Chairman of the Board. The annual meeting is scheduled for November 4, 2026. Expion Energy operates in the energy storage sector, manufacturing lithium iron phosphate batteries while expanding into oil and gas exploration.
Expion Energy Inc. (formerly Expion360 Inc.) entered into a private placement agreement on August 21, 2026, issuing $9,000,000 in aggregate principal amount of 8% Convertible Debentures due August 21, 2029, along with warrants to purchase up to 2,117,219 shares of common stock at an initial exercise price of $4.25 per share. The company expects net proceeds of approximately $8,200,000 from the initial closing. Concurrently, Expion acquired all membership interests in a target company holding oil and gas exploration assets in Eastern Louisiana for an adjusted cash purchase price of $3,425,000. The company also appointed Kevin Sellers as Chief Executive Officer and to its Board, effective August 24, 2026, succeeding Joseph Hammer who resigned as CEO but remains interim Chairman. Additionally, the Company changed its corporate name from Expion360 Inc. to Expion Energy, Inc., effective August 20, 2026. The company operates in the energy storage and oil and gas exploration sectors.
Expion360 Inc. reported second quarter 2026 financial results showing net sales of $2.0 million, a 32% decline from the prior year period but a 30% increase sequentially. Gross margin expanded to 32.4% from 20.8% in Q2 2025, driven by discontinuing low-margin accessory resales and disciplined pricing. The company reported a net loss of $1.3 million per share compared to $4.93 in the prior year period. Management highlighted an expanded supply relationship with Forest River for two additional motorized RV brands and noted the completion of a 1-for-12 reverse stock split on July 21, 2026, which allowed the company to regain compliance with Nasdaq listing requirements. The firm operates in the renewable energy storage sector, manufacturing lithium-ion battery power solutions for recreational vehicles, marine applications, and industrial use.
Expion360 Inc. reported that Chief Financial Officer Shawna Bowin resigned on July 29, 2026, due to personal reasons but will remain in her role through approximately October 31, 2026, to assist with the transition while a search for a replacement is underway. Additionally, the company confirmed it regained compliance with Nasdaq Listing Rule 5550(a)(2), having closed its common stock above $1.00 per share for ten consecutive trading days as of August 3, 2026, thereby avoiding delisting proceedings initiated in January 2026. Expion360 Inc. operates in the solar energy industry, specializing in bifacial solar panels and related technology.