Expion Energy, Inc.

Expion Energy, Inc. (XPON) priced its initial public offering on Apr 4, 2022 at $7.00 per share, raising $15M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $45.1M. Paulson was lead-left underwriter, joined by Alexander Capital. Sheppard Mullin advised the underwriters.

Expion Energy, Inc. designs, assembles, manufactures and sells lithium iron phosphate batteries and accessories for recreational vehicles and marine applications. It plans to expand into home energy storage and industrial uses, and is developing the e360 Home Energy Storage system.

Status

IPO

Ticker

XPON

Exchange

Nasdaq Capital Market

Priced

Apr 4, 2022

IPO price

$7.00

Raised

$15M

Market cap at IPO price

$45.1M

First filed

Jan 21, 2022

Underwriters

Paulson and Alexander Capital

Underwriters' counsel

Sheppard Mullin

Sector

Industrials & materials

Country / state

OR

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.