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Expion Energy (NASDAQ:XPON) said it closed the initial tranche of a private placement raising $9 million, with the potential for an additional $91 million from the same group of investors, as the company moves to fund its newly acquired oil and gas exploration assets in Eastern Louisiana. Shares of the company, formerly known as Expion360, jumped 97% in afternoon trading.
Potential for Additional $91.0 Million of Investments REDMOND, Ore., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Expion Energy, Inc., formerly known as Expion360 Inc. (Nasdaq: XPON) (“Expion” or the “Company”), a leader in energy storage solutions and delivery, has entered into a definitive agreement with certain accredited investors related to a private placement offering pursuant to which the Company is initially issuing $9.0 million in aggregate principal amount of 8% Convertible Debentures and Warrants to purchase up to 2,117,219 shares of the Company's common stock at an initial exercise price of $4.25 per share (subject to adjustment, including in the case of certain dilutive issuances), which resulted in net proceeds to the Company of approximately $8.2 million (excluding proceeds from any cash exercise of the Warrants), after deducting placement agent fees and estimated offering expenses.
Broadened Operating Strategy Positions Expion to Potentially Supply Long-Term Natural Gas to Growing AI Data Center Demand and U.S. LNG Export Markets Expion Appoints New CEO with Deep Owner-Operator Experience and Sophisticated Capital Markets Expertise to Lead Operating Strategy Expion360 Inc. Changes Corporate Name to Expion Energy, Inc. to Align with Expanded Energy Platform REDMOND, Ore., Aug. 24, 2026 (GLOBE NEWSWIRE) -- Expion Energy, Inc., formerly known as Expion360 Inc. (Nasdaq: XPON) (“Expion” or the “Company”), a leader in energy storage solutions and delivery, has acquired an oil and gas exploration opportunity in Eastern Louisiana (the “Acquisition”), marking the Company's first entry into the oil and gas sector as part of a broadened operating strategy.
XPON's Q2 net loss per share narrows year over year as the company shifts away from low-margin products. Sales decline 32% year over year, but gross margin expands to 32.4%.
Gross Margin Expands to 32.4% from 20.8% in Prior-Year Period Expanded OEM Relationship with Forest River to Include Two Additional Motorized RV Brands REDMOND, Ore., Aug. 07, 2026 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, today reported its financial and operational results for the second quarter and six months ended June 30, 2026.
ProPetro maintains a massive service presence in the Permian Basin and has successfully navigated industry downturns to remain cash-flow positive. Expion360 is delivering rapid revenue growth as it scales its lithium battery technology across the recreational vehicle and marine markets.
Company to Showcase Exciting Lineup of Rigs from Customers and Brand Ambassadors, Including a Forest River Palomino Pause Travel Trailer REDMOND, Ore., June 11, 2026 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360”), an industry leader in lithium-ion battery power storage solutions, today announced its participation as a Title Sponsor at Overland Expo PNW 2026 taking place June 26-28, 2026, at the Deschutes County Expo Center in Redmond, Oregon.
Expion360's downgrade rating reflects declining sales, widening losses, customer concentration risk and ongoing liquidity concerns.