Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Research Coverage on Small and Micro-Cap Companies

Equity Bottom-Up

<ul><li>Expion360 announced the pricing of a $10 million offering which was priced dramatically lower than our expectations resulting in a sharply higher share count.</li><li>The offering of 50 million units was priced at $0.20/unit consisting of 1 common share (or pre-funded warrant), two Series A warrants, and a Series B warrant.</li><li> In the company's preliminary registration statement related to the offering the company also disclosed preliminary Q2 results which were roughly in line with our expectations.</li></ul>

Expion360 announced the pricing of a $10 million offering which was priced dramatically lower than our expectations resulting in a sharply higher share count.The offering of 50 million units was priced at $0.20/unit consisting of 1 common share (or pre-funded warrant), two Series A warrants, and a Series B warrant. In the company's preliminary registration statement related to the offering the company also disclosed preliminary Q2 results which were roughly in line with our expectations.

XPON: Addresses immediate financing needs with a 10 million offering. Dilution substantially exceeds our expectations. Lowering target valuation to $0.35.