Expion360 Stock Drops as Nasdaq Timeline Pressures XPON
Expion360 Inc. dropped 6.6% to $0.5036 late Wednesday after a new underperform rating landed on the stock and weak Q1 numbers dragged it closer to its 52-week low. Investors also have a Nasdaq listing deadline in play. Shares last changed hands at 15:32 EDT, with the company's market cap at about $5.3 million. XPON is still trading under Nasdaq’s $1 minimum bid rule, so the move is significant for the stock. The exchange requires shares to stay above that price or risk delisting. Expion360 said in its quarterly filing that Nasdaq has given it until July 28, 2026, to fix the price. A reverse split, which would cut share count and push up the stock price, is still on the