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-0.00750469043151971 -0.00750469043151971 -0.00750469043151971 -0.00750469043151971 -0.00750469043151971 0.172607879924953 0.00924953095684814 0.0131332082551595
Stock impact report

Expion360 Announces Financing Commitments of up to $22.5 Million [Yahoo! Finance]

Expion360 Inc. (XPON) 
Company Research Source: Yahoo! Finance
REDMOND, OR / ACCESSWIRE / December 28, 2023 / Expion360 Inc. (NASDAQ:XPON) ("Expion360" or the "Company"), an industry leader in lithium-ion battery power storage solutions, today announced that it has entered into a securities purchase agreement (the "Securities Purchase Agreement"), under which the Company has sold and issued a senior unsecured convertible promissory note in an original principal amount of $2.75 million (the "Note") to 3i, LP ("3i Fund"). The Company also announced that it has entered into a common stock purchase agreement establishing an equity line of credit with Tumim Stone Capital, LLC ("Tumim"), under which the Company will have the right, but not the obligation, to issue and sell to Tumim up to $20.0 million in shares of the Company's common stock from time to time, subject to certain conditions set forth therein (the "ELOC"). Nine percent per annum interest on the Note will be paid by the Company monthly in cash or, at the Company's option and subject to Show less Read more
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