Monitor for a prospectus supplement or takedown notice under the ATM agreement with H.C. Wainwright, which would specify the actual offering size and price. The company's frequent capital raises and small market cap suggest any new offering could be materially dilutive.
Price Chart
Executive Summary
Expion Energy filed Amendment No. 1 to its S-3 registration statement, which is an exhibit-only filing adding the consent of its independent auditor. The S-3 shelf registration, originally filed October 23, 2026, allows the company to offer securities from time to time and includes an at-the-market issuance sales agreement with H.C. Wainwright & Co. The company has a market cap of $4M and has filed six offering/registration documents in the last 24 months, indicating a pattern of capital raising.
Key Facts
- Expion Energy filed Amendment No. 1 to its S-3 registration statement (File No. 333-299630) on October 30, 2026, adding the consent of independent registered public accounting firm M&K CPAS PLLC.
- The original S-3 was filed on October 23, 2026, and includes an at-the-market issuance sales agreement with H.C. Wainwright & Co., LLC.
- The company has a market capitalization of approximately $4 million.
- There have been 6 offering/registration filings in the last 24 months, including this one, indicating frequent capital raising activity.
- Short interest is 45,000 shares, approximately 4.4% of estimated shares outstanding as of October 15, 2026.
- The company's stock has a normal daily move of 16.6% based on 30-day volatility.
Financial Impact
The S-3 shelf registration allows for potential future capital raises of an undisclosed amount. Given the $4M market cap, any significant offering would be highly dilutive. The company has a history of frequent capital raises (6 filings in 24 months).
Risk Factors
- Potential for significant shareholder dilution from future offerings under the shelf registration
- Company has a very small market cap ($4M) and high volatility (16.6% normal daily move), making it susceptible to large price swings on any capital raise announcement
- Frequent capital raises (6 filings in 24 months) suggest ongoing cash needs and potential financial distress
- Short interest of 4.4% indicates some bearish sentiment from market participants
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-3/A Filing (Primary) | 0001903596-26-000411 |
| Exhibit: ex23_2.htm | 0001903596-26-000411 |
| Document: 0001903596-26-000411-index-headers.html | 0001903596-26-000411 |
| Document: 0001903596-26-000411-index.html | 0001903596-26-000411 |
| Document: 0001903596-26-000411.txt | 0001903596-26-000411 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 1d ago | S-3/A | $3.92 | awaiting T+20 | awaiting T+20 | $3.58 (+8.72%) |
Oct 23, 2026 8d ago | S-3 | $3.57 | awaiting T+20 | awaiting T+20 | $3.58 (−0.28%) |
Oct 23, 2026 8d ago | 8-K | $3.57 | awaiting T+20 | awaiting T+20 | $3.58 (−0.28%) |
Sep 18, 2026 6w ago | DEFA14A | $4.85 $3.76 | ▲ +22.47% | ▲ +21.57% | $3.58 (+26.19%) |
Sep 18, 2026 6w ago | DEFA14A | $4.85 $3.76 | ▲ +22.47% | ▲ +21.57% | $3.58 (+26.19%) |
Sep 18, 2026 6w ago | DEF 14A | $4.65 $3.85 | ▲ +17.20% | ▲ +17.41% | $3.58 (+23.01%) |
Aug 31, 2026 8w ago | 3 | $6.17 $4.58 | ▼ −25.77% | ▼ −26.95% | $3.58 (−41.98%) |
Aug 31, 2026 8w ago | 8-K | $7.01 $4.55 | ▼ −35.09% | ▼ −34.91% | $3.58 (−48.93%) |
Aug 24, 2026 9w ago | 8-K | $6.20 $5.30 | ▲ +14.52% | ▲ +15.83% | $3.58 (+42.26%) |
Aug 7, 2026 12w ago | Press Release | $3.55 $5.73 | ▲ +61.39% | ▲ +62.30% | $3.58 (+0.85%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers