Expion360 Announces 1-for-12 Reverse Stock Split

Expion360 Inc. announced a one-for-12 reverse stock split of its common stock, approved by the board of directors on July 7, 2026. Concurrently, the number of authorized shares of Common Stock will decrease proportionately from 200,000,000 to 16,666,666. The changes will become effective at 12:01 A.M. Eastern Time on July 21, 2026, with trading on a reverse split-adjusted basis commencing the same day under the existing "XPON" symbol. Fractional shares will be rounded up to the next whole number, and adjustments will be made to outstanding equity awards and plans.