Expion360 Enters $15M Sales Agreement with Aegis
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Expion360, Inc. has entered into a $15 million At-The-Market Issuance Sales Agreement with Aegis Capital Corp. as the sales agent. The proceeds will be used for working capital and general corporate purposes, with a 2% commission for the sales agent. The agreement offers flexibility in raising capital, impacting financial operations and market presence. Analyst ratings suggest a Hold with a $1.00 price target, and the company faces challenges with profitability and cash flow.
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