Expion360 (XPON) said Thursday that it has struck deals to sell its securities to institutional investors to raise about $2.6 million for general corporate purposes and working capital.
The transactions consisted of the sale of about 1.05 million shares, or pre-funded warrants, each of which will be sold together with one warrant to buy one share per warrant at an exercise price of $2.36, the company said.
The offering price per share is $2.48, the firm said. It expects to close the transactions Friday.
Price: 2.33, Change: -0.06, Percent Change: -2.51
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