- Expion360 Inc. completed a **private placement** on **October 16, 2025**, raising approximately **$1.1 million** in net proceeds from the sale of **613,077 shares of common stock** at **$1.65 per share** and pre-funded warrants for **144,498 shares** at **$1.6499 per share**.  **[1894954_0001903596-25-000486_xpon_8k.htm:1]** 
- The company announced significant leadership changes, with **Brian Schaffner resigning as Chief Executive Officer** and **Paul Shoun resigning as President and Chairman of the Board** on **October 16, 2025**.  **[1894954_0001903596-25-000486_xpon_8k.htm:3]** 
- **Joseph Hammer was appointed Chief Executive Officer and Chairman of the Board** effective **October 16, 2025**.  **[1894954_0001903596-25-000486_ex10_4.htm:0]** **[1894954_0001903596-25-000486_xpon_8k.htm:3]** 
- Former executives Brian Schaffner and Paul Shoun each received a **severance package** including **24 months of base salary** and **100,000 immediately vested Restricted Stock Units**.  **[1894954_0001903596-25-000486_ex10_3.htm:0]** **[1894954_0001903596-25-000486_xpon_8k.htm:3]** 
- **Scott Burell was appointed as an Independent Director** to the Board and the Compensation Committee, effective **October 16, 2025**.  **[1894954_0001903596-25-000486_xpon_8k.htm:5]**

Expion360 (XPON)