Expion360 Inc. Announces 1-for-12 Reverse Stock Split

What Happened
Expion360 Inc. (Nasdaq: XPON) announced that its board approved a one-for-12 reverse stock split of its common stock and a proportionate decrease in authorized shares. The board approved the action on July 7, 2026; the company filed a Certificate of Change on July 16, 2026; and the reverse split is effective at 12:01 A.M. Eastern Time on July 21, 2026. No stockholder approval was required under Nevada law.

Key Details

• Reverse split ratio: 1-for-12 — every 12 pre-split shares will be combined into one post-split share.
• Authorized shares decrease: from 200,000,000 to 16,666,666 (proportionate to the 1-for-12 split).
• Effective date & trading: Effective 12:01 A.M. ET on July 21, 2026; Common Stock will trade on Nasdaq on a reverse split–adjusted basis at market open under the existing symbol “XPON.”
• CUSIP: New CUSIP following the split is 30218B308.
• Equity adjustments: The company will proportionately adjust outstanding equity awards, option/warrant exercise prices, shares authorized under its 2021 Incentive Award Plan and 2021 ESPP, and shares issuable under outstanding warrants.
• Fractions: No fractional shares will be issued; any fractional shares that would result will be rounded up to the next whole share.

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases the per-share basis (e.g., price per share) while leaving the company’s overall market value unchanged in theory. For shareholders, this means share counts will be consolidated (and adjusted in awards/options), the ticker remains the same, and a new CUSIP will apply. Investors should note the effective date (July 21, 2026) for trading and review updated holdings and option/warrant terms after the proportional adjustments are applied.