Expion Energy, Inc. (XPON) Form S-3 — Oct 23, 2026
Expion Energy filed a $50,000,000 universal shelf registration covering common stock, preferred stock, debt securities and warrants, including a $1,666,183 at-the-market sales agreement with H.C. Wainwright. The shelf dwarfs the company's ~$8.96 million public float and 1,012,498 shares outstanding, though sales are capped by the Baby Shelf Limitation at one-third of float per 12 months while float remains below $75 million.
Key figures
- Gross Proceeds
- 50000000
- Offering Price
- 3.92
- Shares Outstanding
- 1012498
- Atm capacity
- 1666183
- Public float
- 8963061
- Warrant shares
- 2117219
- Conversion price
- 4.25
- Reverse split ratio
- 1:12 (July 21, 2026)
- Net revenue interest pct
- 75
- Oil gas leasing commitment
- 4000000
- Baby shelf limit prior sales
- 1321503
- Air convertible debentures max
- 91000000
- Convertible debentures principal
- 9000000
- Mandatory well operation deadline
- February 15, 2027
AI analysis
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