Expion360 (NASDAQ: XPON), an industry leader in lithium-ion battery power storage solutions, recently announced the closing of an underwritten public offering. The offering raised gross proceeds of $10 million. Aegis Capital Corp. acted as the sole bookrunner for the transaction.
For more information, visit https://www.expion360.com
About Expion360 Inc.
Expion360 is an industry leader in premium lithium iron phosphate (“LiFePO4”) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages. The company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer. The company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesales, private-label customers, and OEMs across the country. For more information about the company, visit https://www.expion360.com.
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