![]() They issued a hold for the IPO which didn’t encourage investors to buy the stock because of the small size of the business and its current status of operating losses. Operating losses created a negative in the market. Analysts observed the company is tiny with significant cash use to grow. The company intended to raise $17.16 million offering common stock, according to its A1/A statement. Seeking Alpha stock analysts reviewed Expion360’s status before the launch of its initial public offering. Experts issued a hold in Expion360’s pre-IPO forecast The funding will help Expion360 Inc to grow and expand its current operation. The total amount raised at the IPO was $15 million. The initial public offering opened with stocks selling for $7.00 per share on April 4, 2022. It is listed on the Nasdaq stock exchange under the ticker symbol XPON. Expion360 went publicĮxpion360 Inc filed for its initial public offering. ![]() The total amount raised in the seed round was $250,000. The startup attracted the attention and financial support of anonymous investors in its sole Seed Round completed on November 24, 2021. Expion360 was a venture capital-backed enterpriseīefore going public, Expion360 participated in one round of venture capital fundraising. They are joined by sales manager Jake Higdon, office manager Nicole Benitez, and chief operating officer Paul Shoun, providing support for the executive team. John Yozamp is a co-founder and the chief executive officer of Expion360 Inc. Joel Yozamp is a co-founder who serves as the vice president of technical integration for the company. ![]() Expion360 Inc is led by its co-foundersĮxpion360’s executive leadership team is made up of its two co-founders. the data retrieved from analytics reports are useful for decision-makers in the strategic planning process. The energy products are likely being eyed for possible export to the Chinese market. Thirty percent of visitors to the website are from China, which shows there is high interest in Expion360 in that country. Seventy percent of the visitors are from this country. Expion360 is the most popular in the United StatesĪnalytics reports for the Expion360 website show that the highest percentage of web traffic is from visitors living in the United States. It’s worth watching for those considering a purchase of Expion360 stock. If the volume of web traffic continues to increase at its current trajectory the ranking will change in the months ahead. It’s ranked as number 3,794,248 of the millions of websites registered on the world wide web. It’s good news for shareholders in the company. It may not sound like a high volume of web traffic, but the key point is that the popularity of the website has increased by more than a thousand percent over the last month. The number represents a monthly visit increase of 1,173.57 percent, which is astronomical. Over the past thirty days, 3,566 people visited the website. The analytics report for the Expion360 website is encouraging. Interest in Expion360 products is growing If anything, it’s enhanced the need for battery power as more people seek the thrill of outdoor adventures, increasing the demand for power sources in remote areas where electricity is not an option. The ongoing Covid-19 pandemic has not impacted the production or popularity of the products offered through Expion360. It’s moving forward from one success to another at a time in history when many new companies are closing their doors forever. The company launched its operations in 2016. Expion360 is a young companyĮxpion360 has been in business for nearly six years as of April 2022. The overarching goal is to provide customers with power that can power anything, anywhere to allow consumers to confidently take their adventures to the next level without concern over power sources. They seek to produce batteries comprised of LiFePO4 lithium iron phosphate as a part of the chemistry to produce safer batteries, last longer, are higher energy, and are more dependable than batteries using inferior materials. Expion360 Inc is on a mission of excellenceĬrunchbase reports that Expion360 Inc manufactures lithium-ion batteries for multiple industries with a few goals. Expion360 is a company to keep your eye on 1.
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