S-1 · resale registration
Issued 2025
Proposed maximum
Shares registered
- Filed
- Effective
XPON$3.64-0.25%
Expion Energy, Inc.
Sector: Miscellaneous Electrical Machinery, Equipment & SuppliesIndustry: Electrical Equipment & PartsCountry: USExchange: Nasdaq
Mkt Cap:$3.69M
Float & O/S:
Inst Own:
DilutionScan read 39 of Expion Energy, Inc.'s SEC filings and found 9 warrant series, 2 convertibles, 2 ATM programs, 1 equity line, 2 shelf registrations, 3 S-1 registrations and 2 completed offerings on file for XPON. The latest dilution event on file is a registration statement on Oct 26, 2026. Analysis updated Nov 2, 2026.
Signal8 Summary
XPON
Distressed micro-cap pivoting to oil and gas
Snapshot
Expion360 is a tiny battery manufacturer with a market cap of $4.6M that grew revenue 72% in FY 2025 to $9.7M but is deeply unprofitable, with a $6.2M net loss and negative free cash flow of $6.1M. The balance sheet was strained, with only $3.0M in cash against a burn rate that leaves a cash runway of less than one month.
What's Happening Right Now
- : Expion360 changed its name to Expion Energy, acquired oil and gas exploration assets in Eastern Louisiana, and appointed a new CEO to target AI data center power needs.
- : The company raised $9.0 million in an initial private placement closing, issuing convertible debentures and warrants, with the potential for an additional $91.0 million in investments.
- : Expion360 approved a 1-for-12 reverse stock split effective July 21, 2026, to regain compliance with Nasdaq minimum bid price requirements.
Raise routes on file: shelf awaiting effectiveness + effective S-1 · latest dilution event 8 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Oct 26, 2026 · Registration
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Effective
S-1 · primary offering
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · resale registration
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
August 2024 Series A Warrants
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
August 2024 Series B Warrants
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
January 2025 Warrants
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
November 2021 Warrants (2021 Warrants)
Issued 2021
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2022
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
2022 Underwriter Warrants
Issued 2022
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Amended and Restated Convertible Debentures Due August 21, 2029
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
ATM program
Issued 2025
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
ATM program
Issued 2026
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
Equity line
Issued 2023
Commitment
Sold to date
Remaining
- Agreement date
- Term ends
- Discount
S-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2023
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
PIPE
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your XPON trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
