Expion360 Inc. (XPON) is at risk of delisting from Nasdaq due to its stock price falling below the minimum bid price requirement of $1.00 for 30 consecutive business days. This delisting risk is based on Nasdaq's initial review of XPON's stock performance, and XPON has the right to appeal this determination. If the appeal is not successful, XPON will have a limited period to regain compliance with Nasdaq's requirements, or it will face delisting1.
- Current Stock Performance: XPON's stock is trading well below the $1.00 threshold, which is a significant concern for the company.
- Previous Delisting Risks: XPON has faced similar delisting risks in the past, including a notice from Nasdaq in 2023 to correct compliance issues related to the minimum bid price requirement1.
- Market Dynamics: The decline in XPON's stock price could be attributed to various factors, including poor financial performance, market sentiment, and broader market conditions.
In conclusion, XPON's delisting risk is a critical issue that the company must address urgently. The potential delisting could have severe consequences for XPON's stockholders, including limited trading opportunities and potential impacts on the company's financial standing.