Expion360 Inc. implemented a reverse stock split of its common stock, which became effective on October 8, 2024. This corporate action adjusted the number of outstanding shares and the per-share value of the company's stock.
The reverse stock split was undertaken to increase the per-share trading price of the common stock. Such actions are typically pursued to ensure compliance with minimum bid price requirements of stock exchanges, thereby maintaining the company's listing status.
All share, per share, and resulting financial amounts in subsequent company reports, including prior period metrics, have been adjusted to reflect this reverse stock split. This ensures comparability of financial data following the change in share structure.
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